Famous line from the prison/chain gang movie Cool Hand Luke. The rest of the line goes like this "What we have here is Failure to Communicate" because Luke was having a hard time adjusting to life on the chain gang and kept trying to escape! :D
What the decentralized monetary tools (blockchain, hashgraph, tangle) all do is Extend and Enhance Communications! Blockchain is like a wire that allows direct comms... the other two are like a Super-Conductor and then whatever ultimately reigns supreme will be like the Tesla Wireless Power Transmission ;)
Exciting times we live in, Be Ready for ANYTHING!
@spiritualmax you literally blow my mind with sharing for us "newbies." Grateful for your patients and to place simple explanations for teaching us what is going on between these new technologies.
I am in the process of getting the family (have a 10 year young) into connecting what blockchain is and now shifting gears to Hashgraph and Tangled to that expanding list. Its hard to digest some of this, as I am still running "analog" programming inside my human being.
Your "work" here is greatly appreciated and informing US of the constant changes for ways to enhanced humanity to be more transparent is pure awesomeness! Love that your this rock star on @steemit for @originalworks too!
Thanks a lot for the very kind words. I appreciate them and feel grateful that you feel that way.
The best thing you can do to your loved ones is to enrich them with your knowledge while learning the lessons their own unique view on things can bring.
This is my opinion, if block chain goes mainstream there needs to be a way for everyone to store it. I think if a cryptocurrency had most users store only a small portion of the block chain while legacy nodes ( such as miners and delegates ) on the network keep the full copy, then everyone even those with a cheap smartphone will be able to participate without having to rely on something like an online wallet.
I think this is more important for mainstream adoption than what kind of directed graph is used.
At the end of the day which of these graphs will be used depends on how much speed can be milked from it without sacrificing security.
When I first heard of Hashgraph, I liked the technical side or using gossip to facilitate more efficient voting. However, it is not open source. I do not know much about tangle.
Ultimately the market will choose the winner, and it will likely be a spinoff of a decentralized ledger. However there are a lot of issues with blockchain efficiency that these competitors are trying to solve.
I wonder if the market will care about the open source nature. Maybe we just want something that works.
Take Steemit for example, while the database is decentralized, this platform is very must run off a central bank of servers (unless I am missing something). --3D
Yeah the market will choose.
I prefer open ledger, open source, decentralized solutions, but what we prefer is irrelevant.
People will vote with their adoption and wallets.
I am waiting for LN to come. It can do billions tps while taking up less than 1mb of space. If the LN can pull it off, blockchains tech will be able to show it's the true king.
LN is an aberration of the lightning network . The lightning network can process millions to billions transactions per second. The more nodes using lightning network the more transactions can be used kinda like iota. However one lightning node can in theory process billions tps Here how it works: https://99bitcoins.com/what-is-the-bitcoin-lightning-network-a-beginners-explanation/
So the LN is kinda like iota with the fact more nodes= more transaction per second. But 2 LN node can do billion tps themselves. They also can earn from the fees of transaction thus giving more incentives to run a full node.
Key catch is it is voluntary. While it is not "vaporware" anymore. It is on beta mainet!!!! The thing that it is not user friendly (also buggy but it bugyninsh is almost done )
hence why more development is making it user friendly.
Their is also an explorer for the LN: https://explorer.acinq.co/#/
So you can see all activity.
haha, it's amazing. Life before mobile phones, satnavs and internet!!! At the time, I remember a teckie friend arguing that Beta was the only sensible option. Thankfully, I'd already gone for VHS (that name had escaped me -- age, lol) :D
a good investment tactic, I believe that you do the right thing when you conduct diversification.
thanks, I need to get to know more with two other "brothers and sisters"
You got a 0.48% upvote from @upme requested by: @spiritualmax. Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round. To support our activity, please vote for my master @suggeelson, as a STEEM Witness
Thanks spiritualmax for sharing your knowledge about blockchain, Hashgraph and tangle. Tangle has to find good use cases to be able for adoption. I am sure many would be working on it already and sooner or later new use cases will popup. Thanks for the post.
'WHAT WE HAVE HERE...'
Famous line from the prison/chain gang movie Cool Hand Luke. The rest of the line goes like this "What we have here is Failure to Communicate" because Luke was having a hard time adjusting to life on the chain gang and kept trying to escape! :D
What the decentralized monetary tools (blockchain, hashgraph, tangle) all do is Extend and Enhance Communications! Blockchain is like a wire that allows direct comms... the other two are like a Super-Conductor and then whatever ultimately reigns supreme will be like the Tesla Wireless Power Transmission ;)
Exciting times we live in, Be Ready for ANYTHING!
@spiritualmax you literally blow my mind with sharing for us "newbies." Grateful for your patients and to place simple explanations for teaching us what is going on between these new technologies.
I am in the process of getting the family (have a 10 year young) into connecting what blockchain is and now shifting gears to Hashgraph and Tangled to that expanding list. Its hard to digest some of this, as I am still running "analog" programming inside my human being.
Your "work" here is greatly appreciated and informing US of the constant changes for ways to enhanced humanity to be more transparent is pure awesomeness! Love that your this rock star on @steemit for @originalworks too!
Wow man,
Thanks a lot for the very kind words. I appreciate them and feel grateful that you feel that way.
The best thing you can do to your loved ones is to enrich them with your knowledge while learning the lessons their own unique view on things can bring.
Once again, thank you for passing by.
Namasté!
I have ideo how to face blockchain
...walk straight up, look it in the eye and say:
BLOCKCHAIN, YOU'RE MY BITCH!!!
Use it like you stole it, to your contentment!
This is my opinion, if block chain goes mainstream there needs to be a way for everyone to store it. I think if a cryptocurrency had most users store only a small portion of the block chain while legacy nodes ( such as miners and delegates ) on the network keep the full copy, then everyone even those with a cheap smartphone will be able to participate without having to rely on something like an online wallet.
I think this is more important for mainstream adoption than what kind of directed graph is used.
At the end of the day which of these graphs will be used depends on how much speed can be milked from it without sacrificing security.
They kinda already exist. It called Lightweight node https://en.bitcoin.it/wiki/Lightweight_node
A very insightful post!
I see you're new, welcome to Steemit. I hope you can find everything you're looking for here and if you ever need any help you know where to find me.
Cheers
When I first heard of Hashgraph, I liked the technical side or using gossip to facilitate more efficient voting. However, it is not open source. I do not know much about tangle.
Ultimately the market will choose the winner, and it will likely be a spinoff of a decentralized ledger. However there are a lot of issues with blockchain efficiency that these competitors are trying to solve.
I wonder if the market will care about the open source nature. Maybe we just want something that works.
Take Steemit for example, while the database is decentralized, this platform is very must run off a central bank of servers (unless I am missing something). --3D
Yes 3D.
Steemit is from Steemit, Inc.
Yeah the market will choose.
I prefer open ledger, open source, decentralized solutions, but what we prefer is irrelevant.
People will vote with their adoption and wallets.
I am waiting for LN to come. It can do billions tps while taking up less than 1mb of space. If the LN can pull it off, blockchains tech will be able to show it's the true king.
Care to explain Sames?
Sure. What should i explain?
Start by telling me what means LN
LN is an aberration of the lightning network . The lightning network can process millions to billions transactions per second. The more nodes using lightning network the more transactions can be used kinda like iota. However one lightning node can in theory process billions tps Here how it works:
https://99bitcoins.com/what-is-the-bitcoin-lightning-network-a-beginners-explanation/
Ok thanks, this is what I didn't know.
Will check the link @sames! Cheers
So the LN is kinda like iota with the fact more nodes= more transaction per second. But 2 LN node can do billion tps themselves. They also can earn from the fees of transaction thus giving more incentives to run a full node.
Key catch is it is voluntary. While it is not "vaporware" anymore. It is on beta mainet!!!! The thing that it is not user friendly (also buggy but it bugyninsh is almost done )
hence why more development is making it user friendly.
Their is also an explorer for the LN: https://explorer.acinq.co/#/
So you can see all activity.
Hey mate
It wasn't on mine, but it is now. Like the old Betamax vs Video, back in the day. Thanks for another informative article.
Cheers
:D
You got an up vote because this is how I thought of it too! Or Blue Ray vs HD. Awesome!!
Thank you :)
Glad to see you around again Anjkara.
Glad to be of use.
Cheers
Glad to be roaming around the place
Thanks :D
Beta vs VHS, I love that analogy because I witnessed that "battle" first hand, crazy what has transpired with all this rapid change!
haha, it's amazing. Life before mobile phones, satnavs and internet!!! At the time, I remember a teckie friend arguing that Beta was the only sensible option. Thankfully, I'd already gone for VHS (that name had escaped me -- age, lol) :D
a good investment tactic, I believe that you do the right thing when you conduct diversification.
thanks, I need to get to know more with two other "brothers and sisters"
This is something definitely useful to keep under one's eyes...
Further study is required.
Thanks for stopping by.
I'm learning :::) Thanks for sharing !
No problem man!
If you need anything, you know where to find me.
Cheers!
this will boost up the productivity of all :)
thanks for sharing
Thank you for coming my friend.
Cheers
Excelente, la blockchain es excelente, y seguramente habrán y vendrán muchas mejores, por los momentos seria aceptables que convivieran juntos.
Tambien lo creo!
Cumprimentos
good
You got a 0.48% upvote from @upme requested by: @spiritualmax.
Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness
Thanks spiritualmax for sharing your knowledge about blockchain, Hashgraph and tangle. Tangle has to find good use cases to be able for adoption. I am sure many would be working on it already and sooner or later new use cases will popup. Thanks for the post.
You're welcome my friend, great seeing you around!
Cheers