Public vs. Private Blockchains: Bitcoin, Ethereum, Hyperledger
Public vs. Private Blockchains: Bitcoin, Ethereum, Hyperledger
HYPERLEDGER vs BITCOIN - Analisi comparativa
Hyperledger vs Ethereum: Which Blockchain Platform is Better?
blockchain - Are blocks mined in HyperLedger Fabric ...
Was ist Hyperledger? - BITFANTASTIC
Perspectives on each of the TOP 10 cryptos -- your thoughts?
DISCLAIMER: These are obviously just my personal thoughts, and everyone is free to have differing views. I've held eight out of ten of these over the past years, but at the moment hold just four. Hopefully this post could serve as a discussion starter, with different people sharing their analytically/rationally justified arguments for being bullish/bearish on different cryptos. BITCOIN. The coin that started it all and got most of us interested in cryptocurrencies to begin with. The hands-down leader in adoption, and very robust in doing what it's doing. I'm not bearish on Bitcoin, as such, and I think as a distributed/democratic store of value it certainly has its place for the long term. What I don't like are the political battles between Bitcoin Core/Blockstream and the miners, neither of which really is objectively looking after just the interests of the common people. One can also criticize Bitcoin for the high fees and scalability challenges, but over long enough a period, the challenges are fundamentally the same for any other blockchain-based currency. In summary, I'm not loving the governance setup and thereby the slowish technological progress, but nevertheless think Bitcoin is here to stay. ETHEREUM. A highly disruptive force across industries, unlocking massive potential in enterprises around industrial-scale automation, trust, robustness etc. The EEA is fantastic, and the investment into Ethereum-based development across large enterprises is just unparalleled. And I like the stronger leadership, which enables the technology to move ahead faster than Bitcoin. Yes, I love Ethereum, and really my only bigger question regarding the long-term value of Ethereum tokens is how much of the large-scale development will use ETH as is vs. having a solution based on the technology that is Ethereum, but not using the standard token (which is my main criticism towards Ripple). RIPPLE. Highly targeted to unlock significant efficiency gains from using blockchain in banks, and would certainly expect it to get traction, as such. My main reservation -- and it's a big one -- is how much of the adoption will actually use the XRP token vs. just use the technology as a protocol, but not the token. In the latter scenario, the protocol itself could become as widely adopted as let's say TCP/IP (as maybe an absurdly extreme example), but the inventors of the protocol would really not get much benefit -- apart from maybe consulting and system integration business with the banks, I suppose similarly what IBM's business model is with HyperLedger -- while investors in the token would get pretty much nothing. BITCOIN CASH. OK, how to put this... I suppose most of us liked getting some extra cash for our Bitcoins, but seriously, what is the long-term sustainability of BCH? Virtually all the developers went with Bitcoin, and the only real backers are a few (if not just one?) big miners. This is not a sustainable model for the long term. Sorry to be blunt, and happy to be proven otherwise with sound well-thought arguments. LITECOIN. The silver to Bitcoin's gold, as they say. Yeah, I think that's true in many ways. And I like Charlie Lee and that due the stronger leadership Litecoin is able to move faster technologically than Bitcoin, but... on balance, being the 'little brother' of Bitcoin doesn't seem like a long-term viable value proposition. Let's say Bitcoin implements all the stuff they've planned on implementing, the Lightning Network and all that -- why would someone use Litecoin? There are network effects, and in large-scale deployment where your parents and cousins are using cryptocurrencies every day, the economies of scale (incl. stability) would favor the leader. So, I think Litecoin is a nice project, but don't see what its unique long-term value proposition is. DASH: I apologize up front, I haven't really studied Dash in any great detail, but my impression is that what they're good at is marketing (incl. the somewhat catchy name) and driving adoption. Technologically, I don't see anything here that would make Dash competitive long-term -- not in terms of the technological vision nor a highly competent team (similar to Bitcoin Core, the Ethereum team and EEA, or on a smaller scale the IOTA team and the caliber of people they are bringing in). Again, I'm sorry if this was blunt, and happy to be proven wrong -- with facts and well-founded analytical/rational arguments. NEM: I don't know too much about NEM, but what I have seen looks kind of good, to be honest. What I think the team is lacking the most is what Dash has in abundance: marketing savvy. The team is making good progress in adoption and the tech seems sound. On the other hand, "New Economy Movement" is not really the sexiest of names, and in general people don't quite seem to even know about the project, and the trading volumes of NEM have typically been the lowest of the TOP 10 cryptos. I would love to know more about NEM, and would be great to see the team get the project more into limelight and really onto the arena so that it's pros and cons vs. the other cryptos would be debated more. MONERO: I've liked Monero for some time. However, as far as I know, it's main value proposition has been anonymity, and as other cryptos also implement similar mechanisms, I wonder what Monero's long-term value proposition and raison d'etre is. Keen to hear other people's thoughts on this. As a side note, which is not a criticism towards Monero itself, but more the community, is that as the value of Monero has been pushed up over the past few months largely driven by listing on the (highly gambling-oriented) Korean exchanges, there is a fair amount of "Monero is great because the value went up and therefore I bought into it also" kind of thinking. Again, not a criticism towards Monero itself, but when commenting why you think Monero is a great technology and has unique value-add for the long-term, please let's stick to real solid arguments. IOTA. The project that seems to be sparking a lot of debate recently, incl. somewhat dirty tactics from people affiliated in competing projects masquerading as neutral/independent researchers. Anyway. What is unique about IOTA is that it's zero fee. That is highly, highly disruptive. Also, the tech has no limitation in tx/sec -- apart from speed of networks and economical cost of storage, the physical realities any technology has to deal with, of course, but no limitation similar to the block size with Bitcoin etc. The technology has also been designed to have quantum-resistant security, but as far as I know also other initiatives like Ethereum will implement similar mechanisms over time. But nothing else is really zero fee, not even any of the other DAG-based projects. This is massive. Now, let's be clear: IOTA is still in early development, and the team is aiming for production grade in 2018. They still have the Coordinator as 'training wheels' for the system, they had the somewhat funky/ballsy copy-protection mechanism in place, etc. And some of the key guys can be a bit edgy or borderline arrogant if challenged with incomplete facts/context/logic. That's all fair. But the bottom line for me is that the technology holds massive potential, and hence the key question is whether they have and are building the team to deliver on this vision. I have high confidence in the edgy-yet-capable core team, and the people they are bringing in are very impressive from top-notch researchers to folks like the former CIO of SAP and UBS. NEO. I used to be more sceptical and critical about NEO, or Antshares, as it used to be called. It's been dubbed the 'Ethereum killer from China'. Well, based on what I know, it's certainly no Ethereum today -- nor do I see it as more of a threat to Ethereum than let's say Baidu has been a 'Google killer'. Having said that, the comparison also surfaces why I'm increasingly liking NEO. China is a special market. Which explains also the recent 'bans' on ICOs, exchanges, etc. -- and why Westerners often interpret these moves wrong and then over-react. But that's another story. Anyway, as China puts some regulation in place to protect its people from outright scams, local front-runners like NEO will certainly benefit, I would expect. And China will want to have its iconic leaders also in this tech, similarly as they've wanted to have in the Internet wave in the form of the Baidu, Tencent, Alibaba, etc. So, while NEO isn't technologically really in a place to compete head-to-head with Ethereum today, I think it has potential to become something significant over time. Because China. Thanks for reading! Look forward to any comments -- but let's keep things civil. And don't be offended if I don't respond to comments; time is limited, and would really hope the discussion to take off between different contributors rather than a one-to-many debate.
"Great minds discuss ideas; average minds discuss events; small minds discuss people." can we please stop this culture of bashing or lifting cults of personality and get back to science? (807 points, 143 comments)
Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it. (896 points, 1017 comments)
340 points: Vaultoro's comment in Just paid 23 cents on a $3.74 transaction. When does it end? $1.00 per transaction? $2? $5? I don't wanna stop using this peer to peer currency, but I'm fast being priced out of it.
323 points: jamesdpitley's comment in "R.I.P. Bitcoin. It's Time to Move On"....funny billboard driving around in Miami
Hyperledger is now capable of handling up to 20,000 tps, keeping its network fast and efficient for users. Public blockchains are generally slower as the number of authorized participants in greater. Hence these blockchains process transactions at a delayed pace, while transactions on private blockchains do not need to go through hundreds or thousands of nodes to verify the data. Therefore ... Hyperledger unterstützt Bitcoin oder andere Kryptowährung nicht. Die Plattform ist jedoch von der Blockchain-Technologie inspiriert. Seit dem Web selbst, sagt die Hyperledger Website, „hat eine neue Technologie wieder eine breitere und grundlegendere Revolution versprochen und das ist die Blockchain-Technologie.“ Die Blockchain-Technologie hat das Potenzial, „eine neue Generation von ... HYPERLEDGER vs BITCOIN – Analisi comparativa 22 Novembre 2019 - Avv. Gianluca Bertolini - EDITORE e CEO. Hyperledger è un complesso di progetti open source nato con finalità differenti da Bitcoin, pertanto avente una struttura del tutto diversa. In un precedente articolo, si è detto che le critiche mosse ad Hyperledger dai fans di Bitcoin derivano: dalla superiorità attribuita alla ... Hyperledger vs Ethereum With all the success surrounding Ethereum , one would expect that many high-profile companies would have started building their DApps on Ethereum, but reality, most companies have not but instead prefer to use a different type of distributed ledger technology, one that is more private and one that in essence, more centralized which is called the Hyperledger . Hyperledger is an umbrella of blockchain technologies. Hyperledger Fabric, mentioned above, is one of them. Hyperledger Sawtooth also does not use mining and adds these consensus algorithms: PoET Proof of Elapsed Time (optional Nakamoto-style consensus algorithm used for Sawtooth). PoET with SGX has BFT. PoET Simulator has CFT. Not CPU ...
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