Fun

News Feed - 2023-11-10 03:11:21

Elisha Owusu Akyaw5 hours agoAre high fees killing some types of DApps? Cartesi explains on Hashing It OutErick de Moura argues that on blockchain networks with high fees, some types of decentralized applications don’t survive because users are only willing to part with cash for a few specific kinds.402 Total views4 Total sharesListen to article 0:00PodcastJoin us on social networksAs the race between Ethereum layer-2 networks heats up, users are left with questions about each network’s unique nature, use cases and plan for attracting more users to Web3. In Episode 36 of Hashing It Out, Elisha Owusu Akyaw (GhCryptoGuy) discusses app-specific rollup protocols with Cartesi co-founders Colin Steil and Erick de Moura.


The Cartesi team explains that they built the network to address the limitations of computational scalability and programmability in a way that allows developers to create exclusive rollup chains for their applications. They claim that unique utility is the answer to scalability issues experienced during peak periods.


De Moura expands on the utility of app-specific rollups and why they are important in dealing with scalability issues. He explains that when you have several apps competing for block space and multiple users trying to get the transactions into the sequencer or the blockchain, the fees tend to skyrocket and become unpredictable at some point because all applications and users are sharing the same rollup or block space.


He further explains that this scalability issue makes gaining and retaining users difficult for some applications. This is because users are only willing to pay expensive amounts of fees for specific applications. De Moura uses games as examples of applications that should not be deployed in such environments since most of the functionalities happen off-chain, and only the game economy runs on-chain.


On the issue of multiple layer-2 networks on the Ethereum blockchain, the Cartesi team believes there are more protocols than the world needs. They argue that this will only be the case for a short time, as specific protocols will create network effects, and the masses will migrate to such networks.


Magazine:AI Eye: Get better results being nice to ChatGPT, AI fake child porn debate, Amazon’s AI reviews


Listen to the full episode of Hashing It Out, on Spotify or Apple Podcasts. You can also check out Cointelegraph’s full catalog of informative podcasts on the Cointelegraph Podcasts page.


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.# Ethereum# Adoption# Podcast# Layer2# Hashing It OutAdd reactionAdd reactionRead moreCan blockchain solutions disrupt US inflation forecasting?Pay and dump? How businesses accepting crypto payments influence adoptionEthereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch

News Feed

Chainlink (LINK) Set For $36? Whale Moves Suggest A Big Rally—Analyst
Este artículo también está disponible en español. Analysts anticipate a potential breakout to $36, as Chainlink (LINK) is currently exhibiting robust upward momentum. In
Turner Wright4 hours agoFinCEN issues alert regarding crypto transactions connected to HamasThe government department warned virtual asset service providers and other financial institutions to “identify and report susp
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what
Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation
Brussels to Spur Rollout of Instant Payments in Euro, Proposes Legislation The European Commission has approved a proposal to accelerate the introduction of euro instant payments.
Bitcoin price correction ‘very common’ if $56K lows hold — Peter Brandt
William Suberg9 hours agoBitcoin price correction ‘very common’ if $56K lows hold — Peter BrandtBitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000.4660 Total views3 To
SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms
SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced co
Goldman Sachs, Capula, Avenir were biggest BTC ETF buyers in Q2 — CoinShares
Alex O’Donnell6 hours agoGoldman Sachs, Capula, Avenir were biggest BTC ETF buyers in Q2 — CoinSharesThe companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.374 Total v
Russian Parliament to Review Bill Prohibiting Crypto Payments
Russian Parliament to Review Bill Prohibiting Crypto Payments Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russ
Rich Dad Poor Dad’s Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming
Rich Dad Poor Dad"s Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyo
Ethereum earnings tripled in Q1 2024, reaching $370M
Helen Partz12 hours agoEthereum earnings tripled in Q1 2024, reaching $370MEthereum racked up $1.2 billion in revenue from transaction fees in Q1 2024, or 155% more than in the first quarter last year.3035 Total views9 T
Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins
Microstrategy"s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm
US Withdraws Request to Extradite BTC-e’s Vinnik From France, Lawyer Sees ‘Deceitful Maneuver’
US Withdraws Request to Extradite BTC-e’s Vinnik From France, Lawyer Sees ‘Deceitful Maneuver’ U.S. authorities have withdrawn their request to extradite the alleged operator