ETHEREUM *INFINITELY SCALING* SIDECHAINS?



Today we are discussing how sidechains can be used to scale Ethereum and take a look at some examples such as Loom Network. Theoretically you can have …

36 Comments

  1. Ethereum has state channels tech. So it can be used for games and cheap offchain operations – no problem. But it's a tech with limitations not good for a secure transfers of tokens, assets, outcome states. The bottlesneck is exactly in ETH POW system and gas prices. Its just not scalable from start. Larimer was thinking about these issues from day 1. You think side chains will help? How if you still need to use slow and expensive ETH chain? It needs to be rebuilt. It needs innovations like superfast sliced POS blockchain tech in making by HEAT TEAM's. But there are more ideas out there like komodo atomic swaps. This plasma sounds also like a good idea. But still problem in in the core of ETH. Without fixing it making it fast, cheap and still secure why to even use it? Also smart contracts is not the only way to make interactive stuff you have steemit, you will have microservices soon also. Now all cryptoprojects have a lesson that being tied to one nonscalable platform is not a good idea in the long run. Look how many tokens are now stuck on ETH blockchain… and all devs needs to learn Solidity to make anything with it. It doesn't sound like a universal and easy to use and adopted widely by people tech.

  2. So it sounds like there's a lot of research to be done on sidechains. WOW, if only there was a cryptocurrency project doing a lot of research with the math, on sidechains, possibly bringing in actual cryptographers and peer review….wouldnt that be something….

  3. BIG BIG fan of Loom. the token is mainly used for determining bandwidth for your game and user access (need 1 loom to play the games). 10,000 loom to create a game. can be used for any of the loom side chains. its actually really useful token.

  4. FunFair's state channels turning out to be a good solution to gaming. Nobody can cheat , there's a process to verify eveything on the blockchain with a dispute system.

  5. Nice video Ivan. Can you maybe explain for us where Ethereum is better than EOS, because I myself can not find a single technical reason why. For me it seems weird that we should wait for Vitalik to think of some solution that is not safe and not ready in any near future.

  6. IVAN, how is LOOM suppose to make money if no token? Should they offer content for free? Did you read the white paper? The token is used for developers to built dapps on the LOOM network, it's like buying real estate on LOOM network.

  7. Loom Network is a fantastic project! I’m glad you see the continuous hard work they are putting into the crypto community with knowledge and opportunity. I personally think they’ve done an amazing job so far! Loved learning solidity via crypto zombies! I’m always excited to see their updates and am never diasalpoiinted. They educate in a fun way and provide excellent community environment..they have my full support👍🏼 would love you to interview them!!!?

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