I'm just wondering how ethereum would be able to handle the transactions if they introduce a new token with 20m active wallets? Will it affect the blockchain itself or can it handle the load?
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I'm just wondering how ethereum would be able to handle the transactions if they introduce a new token with 20m active wallets? Will it affect the blockchain itself or can it handle the load?
I believe Reddit has thought of this before and that is why they are distributing the tokens once every four weeks. Furthermore, there are plenty of layer-2 scaling solutions on Ethereum, so I won't be surprise to see Reddit using one of them to support this initiative.
They can also distribute tokens via their own sidechains. The sidechains require no gas to be used, and every so often it connects to the mainchain for a huge data dump of backups.
Anyone can make their own plasma sidechain right now and basically have unlimited free tx.
That is right. There are many ways to circumvent the scaling problems that many people are unaware of.
There's actually a really cool technique for solving all scaling issues. OST solved this. You create a smart contract on Ethereum and a blockchain on Cosmos that communicate through two light clients. This allows the "value chain" to be on Ethereum while the "utility chain" exists on Cosmos. This gives you all the scalability you need for social activities on the utility chain and you secure the assets by putting them in the "vault" which is Ethereum.
Loom also did a DPoS scaling system. Its pretty much a Hive/EOS like blockchain that easily transfers assets in and out of Ethereum. So, scaling is no issue at all.