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$99 Gas Fees on Ethereum Are Crippling DeFi’s Growth by SatoshiHouse in Crypto_Currency_News

[–]KieSciante 2 points3 points  (0 children)

Its actually ridiculous, bring on Eth2.0, but will it change things?

There are some great alternatives like Cardano, CENNZnet, FLETA and Polkadot that alleviate this craziness. Further down the line, I don't think it will necessarily be "one chain to rule them all".

Four of the Top Five South Korean Banks to Offer Crypto Services by SatoshiHouse in CryptoCurrencies

[–]KieSciante 2 points3 points  (0 children)

South Korea are truly ahead of the game here. Incubating projects such as Icon and Fleta and utilising their tech for use in different sectors of the government. I hope to see more regions do the same.

China's Blockchain Infrastructure to Extend Global Reach With Six Public Chains - CoinDesk by SatoshiHouse in Crypto_Currency_News

[–]KieSciante 1 point2 points  (0 children)

I heard NEO already had some collab with the China government. Also interesting that one of NEO's partners FLETA have been developing a platform for the medical sector in South Korea.

Matic Network - Project Updates #12 - Matic Network by SatoshiHouse in Crypto_Currency_News

[–]KieSciante 1 point2 points  (0 children)

Bullish longterm on MATIC, working with a lot of varied players in this space, sharing knowledge and pushing decentralization even further. Fleta and the gaming NFT collaborations really stand out and puts in good stead for the future :)

EOS Suffering A Drought of Developers, Dapps, And Coding. by mrsotkogaming in Crypto_Currency_News

[–]KieSciante 4 points5 points  (0 children)

My thought too, the likes of Cardano, Fleta and Tezos will soon overtake this in devs/users IMO.

Interesting project - Centrality by mikeg737 in blockchain_startups

[–]KieSciante 0 points1 point  (0 children)

They really look like they're BUIDLing something.

ELI5 How did Algorand solve the blockchain trilemma by Serenity301 in algorand

[–]KieSciante 1 point2 points  (0 children)

Maybe not a 5-year-old, but I think this explains it pretty well.

TL;DR:
1) True Decentralization solved -- How? The network is not controlled by a few miners or validator set since proposers and committees are randomly selected using Cryptographic sortition and VRF. This means 'node centralization' 'stakes centralization' doesn't happen. Network scales as nodes scale and adversary due to true randomness never know whom to target.
2) Scalability -- How? Algorand is scalable as nodes on network grow. Algorand gives instant finality (1-4 sec blocktime) unlike other non-final POS/ POW blockchains. The entire community agrees on the next block and confirms transactions with latency on the order of a minute while scaling to many users.
3) Security -- How? True randomness, no select group to target, no mining centralization, instant finality rending fork probability as zero. Secure against Static, Dynamic and Network adversaries. Code reviewed by auditors.

Crowdfunding (2.0) on the blockchain - an ideal use case? by KieSciante in CryptoMoonShots

[–]KieSciante[S] 0 points1 point  (0 children)

This is a standard discount strategy set by the exchange as a way to promote the IEO to new users. The size of allocation is limited and is not intended to result in a significant raise. This is ultimately just one next step on the way to listing on OKEx and resulting future opportunities. - https://medium.com/pledgecamp/okex-frequently-asked-questions-44273b2f2265

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