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RE: ...

in #ethereum7 years ago (edited)

It's too big to wrap your mind around all at once.....once contracts start calling other contracts in an object oriented style, major innovations will begin to congeal....the problem now is that everybody is trying to build something that can stand alone....imagine something like the Augur contract calls the Bancor contract (Joey Krug was working on a similar tether formula) which utilizes the Golem network which then again reports back to the Augur oracle....Once somebody comes along and connects the individual contracts (building blocks---"objects") in an innovative way, the worm will turn....wait for it because it's too big to see at the moment! https://dapps.ethercasts.com/

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Contracts calling other contracts - this will be commonplace, nobody doubts it. But the main problem is that this thing does not scale. It can process no more than 20-30 transactions per second before it stalls. Just for comparison Steem, with less than 20k active users, already needs 8-9 transactions per second.

According to well-informed people like Vlad we are at least 2 years away from a solution that may fix this. Or it may not - it's still subject of research.

agreed - it's going to get very interesting when different dapps start interconnecting...