1GB Blocks Possible on Basic Hardware : Graphene V2 Report Shows Mass On-Chain Scaling Progress - Dash News
For the past six months, our team at UMass (in conjunction with the Bitcoin Unlimited team) has been working on various improvements to the Graphene protocol, which we're calling "Graphene v2". The project is broken into two phases. Phase 1 introduces various security and performance improvements, while phase 2 implements failure recovery and mempool synchronization.
As of last week, phase 1 is complete except for two documentation tasks, and will be rolled out with BU release 1.6.0. Accordingly, I thought that now would be a good time to summarize and quantify the impact of the work that will be included in the release. To that end, I've written an interim report (if this link fails to render, then please try this one instead). Here are some of the highlights from that report.
Like Compact blocks, Graphene now encodes transaction IDs using SipHash with a unique key shared between sender and receiver, which greatly minimizes the risk of a transaction collision attack.
Graphene block failure rates have been dramatically lowered; on average, fewer than 1 block per day fails to decode.
Various compute optimizations have lowered the time to encode and decode a Graphene block by at least 30%.
By leveraging CTOR, we have removed transaction ordering information to further improve Graphene compression rates.
The report includes a test that we ran on over 500 sequential blocks from mainnet. During that test, we experienced 2 decode failures and were forced to request missing transactions 4 times. The overall mean compression rate was 0.995. For blocks with more than 1000 transactions, the mean compression rate was 0.998. The largest block, containing 2545 transactions, had a compression rate of 0.999.
This is some of the best recent news for STEEM and i seems nobody on STEEM is really talking about it. Bitshares, STEEM and many other prominent blockchains use Graphene which is one of the best technologies available on Earth at the moment. I still believe in Hashgraph more. But Graphene is still a monster.
1GB Blocks on Normal Hardware
“We’re looking forward, we’re not assuming you’re gonna run a 5 year old computer.The purpose of this is to say what can be done with computers today and even tomorrow. Obviously we’re not gonna be using 1GB blocks tomorrow, but the fact is that a relatively inexpensive computer today can do so.”
Just read that and rejoice. On-chain scaling is alive and I am proud to be someone who always believed in on-chain scaling.
Source of shared Link
This is excellent news! Things keep getting more and more interesting.....
This is excellent
News! Things keep getting more and
More interesting.....
- xvickx
I'm a bot. I detect haiku.
You are a bad bot
That was no fucking haiku
However, this is
Have you found anything to invest in regarding Hashgraph?
Only Accredited Investors were allowed to join thank to stupid US regulations. Still it managed to reach a 6 billion USD valuation with virtually no hype: https://www.crowdfundinsider.com/2018/08/137036-6-billion-valuation-hedera-hashgraph-raises-100-million-opens-public-crowdsale-to-back-next-gen-super-fast-dlt/
yeah, that is one big issue, but arent there any other projects? competitors like in the crypto world?
There is nothing I could call a real competitor except for DPoS to my knowledge. There are many interesting projects built on top of Hashgraph although nobody seems to be talking about it: https://medium.com/hashgraph/7-industry-disrupting-dapps-building-on-hedera-24716ff08e84
I've recently delegated most of my SP to @dlike simply for he reason that it is paying 1 DLike Token per SP per Day. Even at a 8 million USD valuation that would mean 1 cent per token. The IEO was set at 2.5 cents (I don't think the hardcap was hit) But even a 0.1 cent would mean $1 per 1K SP and I don't think @dlike would stay below a 800,000 USD marketcap while Pinterest IPO was over 10 billion USD.
aha, I will read that article to see whats going on.
Ok, seems like a lot of Steemians are delegating their SP. But are you saying that Dlike is using hashgraph or is that a separate thing?
No. @dlike is going to be a SMT project like @steemhunt and many others. Currently they are using ERC-20 tokens like EOS did before they switched and all these STEEM based ERC-20 tokens will be swapped for for SMT. Many are looking at STEEM-Engine if SMT doesn't get delivered in a reasonable time. Check out @aggroed and @steem-eng for more information. It's one of the most underrated and under the radar projects out there. STEEM-Engine isn't the biggest deal out there and I doubt it would eve be. But it's better to keep your eyes on the potential for growth than simple market dominance.
Hi @vimukthi!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.119 which ranks you at #3161 across all Steem accounts.
Your rank has improved 60 places in the last three days (old rank 3221).
In our last Algorithmic Curation Round, consisting of 227 contributions, your post is ranked at #117.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server