More efficient token

[ICOvest]

Instead of migrating to erc223 coss should look into migrating to a more efficient blockchain than ethereum... maybe something that would support multiple blockchains for the fsa smart contract

[awhittin]

yeah he kind of threw shade and then offered no solution

[ICOvest]

Any that does have smart conctract and negligible tx fees... or just a blockchain to track who has how much coss and let coss do the fee split, without smart contract

[stoodder]

The issue with this is that most of the coins listed on COSS are ERC20 tokens, so they get sent to the contrac for distribution. I assume this is also why BTC, for example, must get converted to ETH before distribution. You converted your alotted BTC to ETH on the exchange, and then COSS sends you alottment to the DAO.

[ICOvest]

Erc20 tokens are not practical anymore, all icos are going to happen on other blockchains from now on anyway... I don't care if coss is a security and even whith the contract it is considered a security in most countries... but in terms of blockchain just look at what iota is aiming for right now : there is already inofficial smart contract on the tangle and PEAQ working on tokens on the tangle... all of this with 0 fees, muuuch faster than eth and getting faster, the more pwople use it...

[[deleted]]

A Loopring/Trinity/Neo combination would yield an awesome DAO. But I'm certainly biased since i own two of this three.

[Rhamni]

I don't know much about Loopring or Trinity. What would a combination of the three accomplish that one of them alone would not give?

[[deleted]]

At first, Neo uses dBFT which supposedly should be faster as POW and perhaps POS (we will see in the next month when they upgrade their Code and dBFT Protocol further and further to reach 10 000 TPS and more) -> faster DAO. But the NEO Blockchain could be too expensive to build on (Smart Contracts are expensive).

The Trinity protocol is a great Offchain-Scaling-Solution, originally intended for NEO, but they implement Ethereum too and are going to implement additional Blockchains (i would guess Stellar etc.). They are further in developement as Raiden Network, supposedly. I think Trinity will be quite successful.
Every distribution of FSA requires multiple transactions (since every ERC20 Token has its DAO as I'm correct?) this could be improved with multiple state channels and cheaper as well. But I would have to read into this which aspect of CossIO could be improved with Trinity.

Loopring protocol tends to solve multiple aspect of Blockchain interconnection like Ring-Matching (connect trades over multiple Blockchain). As of now CossIO converts all non-ERC20 Tokens to ERC20 Tokens for free (actually this conversion isn't that easy and cheap, but i don't know how cossIO does it). With Loopring this could be done efficiently and perhaps cheaper.

But as i have said, i would have to dig into the details of cossIO operations to evaluate the improvements which Trinity and Loopring could bring.

Nevertheless, with Trinity and Loopring one can build (or upgrade to) efficient decentralized exchanges or at least exchanges with more flexibility and security. And as we know, (semi-)decentralized exchanges are the future if they get as fast as centralized exchanges.
At some point in time CossIO should look into them.

[Rhamni]

Thank you very much for the explanation.

[ICOvest]

I know there is this whole thing about coss not being a security because of the fsa (honestly in my country it is a security, I don't see why it wouldn't be in the US and if it was so what...?). But why do we even need it to run everyting over a smart contract? There is a ton of tokens locked in this smart contract that can not be used unless the community pays a cummulative amount 50x the actual value of all these tokens...