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This is based on the assumption that bitcoin will stabilize. I think bitcoin is a flawed first mover. The winner (and future stable cryptocurrency) likely hasn
by patryn20 9y ago
This is based on the assumption that bitcoin will stabilize.
I think bitcoin is a flawed first mover. The winner (and future stable cryptocurrency) likely hasn't been invented yet.
But I imagine it's mathematic properties will allows for a sustainable transaction rate (i.e.: thousands per second), short (as in sub 2-3 second) final confirmation times, and the ability to execute Ethereum like smart contracts without major security flaws and naive language implementation choices.
- nikcub 9y agoBitcoin has Lightning with non-Turing complete smart contracts which offer better security Ethereum has plasma and raiden with touring complete smart contracts Pick one and build on it - there is no need to rip out the underlying blockchain to achieve what you’re outlining - it exists today