You are viewing a single comment's thread from:

RE: Hive: Smart Contracts And One Second Block Times?

in LeoFinance4 years ago

I really like this summary of what is under discussion for the HIVE chain. You got my focus o the topic of 1 second blocktime. While for a blogging service, the 3 seconds we have today seems to be sufficient, its not when pitching HIVE as a payment chain. I would argue, even for website payments, 1 second would be great to have instead of 3 seconds. In case we talk about PoS (Point of Sales) systems, 1 seconds becomes a must. How cool would it be to let HIVE host payment services? With its free transactions, its a great chain for this. Think of replacing the physical tokens used at festivals and events for all the people to pay for their drinks and food? Cashless events, it's called and experimented with a few years ago. The tech was not good enough back then therefore abandoned. But I love to see HIVE moving these directions; It'll give a use case that is applicable to all of us, all the people on our planet.

Posted Using LeoFinance Beta

Sort:  

That is a very good point. For blogging it probably doesnt make much difference; the same is true for most activities. However, to be a payment system, especially if some tie it to POS systems, then yes it would be helpful.

Posted Using LeoFinance Beta

Quesion is: What use cases we like to enable coming year and beyond? We cant do everything at the same time, thats clear to me.