Guys, as one of the biggest critics of Hedera, I was completely blown away by this game changing news when I woke up this morning. It is extremely positive for the community. The biggest and primary risk for HBAR holders has always been that Hedera merely had a license to use IP owned by Swirlds, a private company. Our whole investment was banking on our continuing to have rights to use this license to the consensus aglorithm - the core of the project. This risk is no more, our investment has been significantly de-risked, as Hedera has purchased the IP from Swirlds, so the platform that we love now owns all the relevant IP, and can do whatever we (well, the governing council) decide. No more staying up at night thinking about whether the Hedera platform was just some proof of concept or use case that Swirlds was using to allow test driving the algorithm before licensing it out privately.
On top of this, the move to open source is legendary as well. I expect a huge influx of bigger-ticket developers that were previously scared by sharing and working with the code during project development.
Here's to 2022!!
Last year I submitted my university research article report at the end of my honours degree. I have a huge passion for DLT's and decided to dive into this topic. It has already been submitted but would love some feedback and your thoughts on what I did wrong/right and the subject in general!
https://docs.google.com/document/d/1EYlpN1_264pcHeeCXsGONljKnrNBMLMAaFHAbVfcT8Q/edit?usp=sharing
Thanks
Just curious. Are there any blockchain-like systems out there in which the ledger isn't shared with all users, but just a small fraction of them?
For instance, where each new transaction is sent to ten trusted third parties, rather than being incorporated into blocks broadcast across the whole network?
And / or other hybrid forms between mainstream crypto and fiat moneys?
EDIT: This is an open question. Interpret any way you like, and suggest anything you like. I'm not looking for anything super-specific, just wondering if it sparks any thoughts. Thank you!
I have made a lot of posts and comments promoting Algorand as being among the best crypto technologies (if not the best, it being the first and only trilemma blockchain) and many have called me a shill.
But I don't give financial advise even if I have opinions for or against different crypto's regarding their technology. So people who think promoting crypto tech is "shilling" and pointing out tech flaws is "hating" don't know what either is.
For example Algorand has the best technology. Leverages verifiable random functions to make consensus committees quickly and safely. Two-tiered network architecture (relay vs participation nodes) make for efficient but censorship resistant blockchain. The blockchain is impossible to fork (double spend is impossible) by design, however the protocol can be upgraded without needing forks (so history is immutable). Additionally for every step of the protocol towards confirming the next block a new random committee is selected. Therefore making MEV (miner extractable value, whether by frontrunning, censhorship, or reordering) exceedingly difficult, basically impossible without an large proportion of the stake. Meanwhile participation/consensus nodes hardware requirements are so light they can be run on Raspberry Pi's and Arduinos. Algorand solves Vitalik's impossible trilemma (between having all three from scalability, security, and decentralization). While many blockchains are good techwise Algorand is the best by far.
#That being said Sure hype can bring short-term pice growth for coins built on bad tech coughcardanocough but longterm price growth comes from adoption. But adoption doesn't necessarily rush to the best tech. People continue to build on Ethereum not because Ethereum is effective (the exorbitant gas fees and small blockspace make most uses cases for blockchain technology unfeasible for Ethereum) but because most things are already there.
So that is my disclaimer.
The bull case for Algorand is that the needs of the future world (web3.0) will require a trilemma blockchain and that Algorand is and continues to be the best (so far only) trilemma blockchain. The bear case is that Algorand will not grow enough soon enough before Ethereum evolves enough to solves its own problems such that Algorand will not dethrone Ethereum and instead fades away.
#So dyor Make your own predictions. People can argue about the merits of the tech but that is not the same as being able from that alone predict future price appr
... keep reading on reddit ➡So I am a bit new to crypto, and have spent the past months reading up on various aspects of this current 'cryptolution', and buying small amounts of crypto to help learn how everything works.
As I have begun to develop my technical understanding, I feel that I have a faint grasp of how it is coming together to form a web3 and it really is building a new era of technological change that likely will cause disruptions across most all industries . But as I have been reading more, specifically this article: Article about DLT's is blockchain really the future? I know the article is quite dated, but Tech has come a long way in 14 years. I understand that much of the current advantage is given to the blockchain models as they have the advantage of early adoption , but at least from what I've read, other DLT's would be significantly more viable long term in terms of global adoption integration, and interoperability of DLT's.
Personally i found DAG's to be intriguing, struggled to understand some of the other types such as Holochain and another, but I suppose I just wanted to facilitate more of a macro discussion on DLT's in General (Please excuse my terminology, if needed) Still learning.....So please educate me through debate (and minimal shitposting) !
Just tryna stay ahead of The Churn
https://twitter.com/zenobiaZAG/status/1483824541944233993?s=20
>Distributed ledgers use independent computers (referred to as nodes) to record, share and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger). Blockchain organizes data into blocks, which are chained together in an append only mode.
What if some of the nodes on the network are offline?
As said in the title, the DTCC pushed out some propaganda about distributed ledger technology and how it would "Bring Clearance and Settlement Back to Medieval Times" Straight up horseshit.
Blockchain settlement is the future and the arc is bending toward it. They're scared.
Also, check out Greenwich Associates, who are cited by the DTCC in that presentation and whose whitepaper is used as the basis. A quick search yielded the following:
https://www.greenwich.com/blog/combatting-social-media-market-manipulation <-- talking about market manipulation by social media...straight up bullshit and likely "research" that will be used by congress (David Scott is front and center there). It's against GME.
https://www.theblockcrypto.com/post/93965/former-citadel-securities-director-explains-what-happened-with-robinhood-and-gamestop-last-week <-- I found the link between DTCC and Greenwich Associates (who seem to be cited by DTCC), but perhaps others can help me understand the logic presented by the guy in this link.
It's clear they are all in this scheme together. DTCC, Greenwich Associates, Citadel, and so many others. It feels like sanctioned organized crime.
TLDR: They're all in bed together to drive a narrative and maintain the status quo. If they ever do agree to change the system, it'll definitely be to an advantage they've gained by doing so. And they have the gall to say that social media is driving market manipulation. I feel like I'm taking crazy pills.
DRS + CS + HODL until they break.
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I understand XRP directly utilises a distributed ledger technology (DLT) - if I’m not mistaken?
Is XRP the only one? If not, which other cryptocurrencies uses a DLT?
Or is there no order? It’s just random to whichever node wether that be a mining node or a normal node receives the transaction first?
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