5 ms·
> How does this work as the network scales? If I understand it correctly, every node needs to execute every contract. Such a network can grow to some extent, b
by bashcoder 12y ago
> How does this work as the network scales? If I understand it correctly, every node needs to execute every contract.
Such a network can grow to some extent, but how can it truly scale? There is limited scaling, of course, but node requirements increase as traffic increases, and there is no scalability through distribution of computational resources. So the more work the system does, the stronger each node needs to be.
If the answer to this is, "No problem - we'll just make it more expensive," then the required computational resources could be purchased with the very cryptocurrency that is generated from the system. At that point, it seems to me that the snake eats its own tail.
Regardless, before we declare that there can be any democratization enabled by this tech, I think we need to ask the question, "How does this not transfer even more power to those with the most computational power?"
Put another way, it seems this is tailor-made for Google and Amazon, not an organization of Joe Publics, each with a couple extra GPU's installed. It's still going to be about the "haves" and the "have-nots."
I'm happy to be proven wrong on any of these thoughts. I just think that if we were talking about any other tech, this computational model would not be considered scalable in any meaningful way.
- drcode 12y agoYes, an ethereum contract might cost 50 cents to run. Now try calling some lawyers and ask them how much it typicaly costs to defend a contract in our traditional court system... it will probably be a number 100000% higher than 50 cents. Cryptocontracts are great for Joe Publics.