EOS Breaks All Records While Doing ~83 Times More Tx Than Bitcoin + Blockchain Scaling and Komodo Partnership With Amazon AWS

in #news5 years ago

11 months ago I wrote an article claiming that EOS will be competing with Enigma and Komodo for marketshare more than any other Smart Contract Platform Surely these things can change with newcomers to the scene. But today I came across two things that gave me even more confidence about my claims. For all non-believers I'd like to present this piece of info first.

That's just the 7 day average and to gain a better picture at the current state I'd present you this. But before that I'm going to ruin a little bit of the awe with some simple math. According to http://eosnetworkmonitor.io TPS Live/All time high is 3996. This is merely the battle tested performance that can be guaranteed. 3996 X 60 X 60 X 24 = 345,254,400 which is over 7 times higher than the current Tx volume per day on EOS.

“Having a Single Chain That Needs to Have All Transactions is a Design That Just Cant Scale” - Komodo Founder

“Sharding is needed if there is just a single chain with all transactions. With KMD, the design is that each chain handles the transactions of interest, it sort of automatically segregates the traffic, so what point is there for sharding? Sharding weakens the security and it also creates all sorts of complex issues that need to be properly solved. is there even a working solution for sharding yet? Our solution takes advantage that independent blockchains are independent.”

“It is also possible to create a cluster of chains where coins are fungible between any chain in the cluster using this, it is like building more roads to get more capacity…You can easily create a new chain using the runtime fork capability, a new chain can be part of a cluster.”

It's such a simple and genius solution that is better than most of the elaborate over complicated messes of so called solutions we've been getting. Letting chains manage their own businesses is a great idea and fits very well with free market principles. You can read a bit more in the linked article.

Komodo Platform Becomes An Advanced Technology Partner With Amazon

There isn't a whole lot of information available at the moment. But you can find the partnership listed on Amazon AWS website. I'm sure many great things will come out of this underrated privacy and decentralization focused gem.

Happy Investing

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Dan the freaking man Larimer

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Don't forget that STEEM use the same tech (although EOS did some improvements)

Yessir. Although EOS could run the show IMO

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That’s my coin 😊

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