People call me an EOS shill which makes no sense since I am open about being a fanboy and having 30% of my crypto portfolio in EOS. To shill is to hide your holds, I don't do that. Recently there has been yet more EOS FUD going around about the size of the blockchain. This is a real problem and one I want to explore today.
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Good afternoon CC! thanks for the video!
besides being an all blockchains problem, but due to the spread of blockchains offer this will not become so severe or urgent anyway, visa will not need to be so performante because mastercard is on the same game spliting customers, and maestro, and paypal, and city, and many others fiat payment processors, also as more and more blockchains exists specific usecases will be spread out by alot of diferent chains, gaming chains will not become payments and store of value and ones transparent and others not so transparent ... (please check the email notification service the one I received 1h ago was with yesterday video ...)
size matters
Costs of storage are slowly going down and tech is getting better. There is no need to slow down the blockchain.
It would be good to interview at least 3 different BPs regarding this problem.
I work with virtualized computer systems; mostly VMware. Our storage solutions include HPE. On the storage side of things, HPE and other big name enterprise storage solution providers offer very flexible/scalable solutions to meet the storage challenges the EOS block producers would need to have. Within VMware, the maximum supported VMDK size on an VMFS-5 datastore is increased to 62 TB. ... So the logical disk limitations presented to a client VM would be a bit of a problem. But the VM itself could simply take advantage of ZFS to overcome this, if a single large volume is required at more than 62TB. But I'm guessing EOS has , or will soon have a method of breaking up the block chain data across multiple block producer node storage volumes. Also, there's linux file linking tools baked in to address problems like this; where individual volume sizes are an issue and you need to reference files physical localed on a separate location or volume...
On the bandwidth side of the conversation... I'm not as familiar with the exact problem because the manufacturing facility I work at doesn't use high bandwidth on a WAN (Wide Area Network) basis. But I have little doubt that in large cities, a EOS block producer could purchase multi-GB/s WAN links, perhaps even with hot failover connections.
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great bait!
Hi Chris,
Informative as usual.
Disk space is cheap, party on...
Good news. That means more and more people are using it
New and improved video. 😀
https://steemit.com/blockchain/@marketingmonk/what-is-blockchain-bloat-what-are-the-solutions
I think the ability to avoid the need for trust and a third party will be the main way forward as it is what makes transactions cheaper at the end. Speed is important but is waiting an hour or minutes worst that the current banking system of a day or two. Like many innovative technologies, there will be tradeoffs along the way.
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There is no reason to hide your or or one's portfolio because if you believe in the project if you believe in the blockchain so why to hide it why to feel shy I have been also I heavily invested in the EOS platform. In initial years I had 50%. Now I have 27% invested in it but my amount is more now.
Thanks for sharing your insight
One way to solve the problem with growing blockchain would be to NOT store all transactions all the time. Some way of separation of transactions and accounts perhaps? How it would be possible I have no idea but it would solve some of the problem...