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

South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
South African Banking Regulator: "De-risking" Crypto Firms Potentially Creates "Opacity in Financial Conduct" According to the latest guidance note issued by the South African bank
How to capitalize on the Bitcoin halving
Tanuj Surve6 hours agoHow to capitalize on the Bitcoin halvingDiscover trading strategies to capitalize on Bitcoin halving events and optimize your investment returns in the cryptocurrency market.2144 Total views2 Total
Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic
Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic Bitcoin has finally broken the $20k resistance level. The record-breaking
A Few Benefits for Bitcoin Beginners to Appreciate
A Few Benefits for Bitcoin Beginners to Appreciate If you are considering entering the crypto universe or if you’ve only recently made your first investment, you might stil
Arijit Sarkar10 hours agoAI a powerful tool for devs to change gaming, says former Google gaming headRyan Wyatt deciphers the the possibilities for AI to help gamers and game developers achieve.523 Total views42 Total sh
Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Allocate Funds
Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Allocate Funds United24, a new fundraising platform announced recently by Ukrainian President Volodymyr Zelens
Shiba Inu Bears Roar: Will SHIB Hit $0.00001272 Amid Market Sell-Off?
Este artículo también está disponible en español. Shiba Inuis under mounting pressure, bringing the key $0.00001272 support level into focus. After multiple failed attemp
Mozaic Finance hacked for $2.4M via private key compromise
Christopher Roark3 hours agoMozaic Finance hacked for $2.4M via private key compromiseThe yield farming app was exploited through a possible private key compromise, according to a CertiK report.823 Total views28 Total sh
Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto
Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to "Regularize" Crypto The Pakistan Telecommunication Authority has been requ
Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling
Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling A report published February 7 and authored in part by Blockstream researcher Ch
Tesla teases robotaxi ride-hailing app ahead of August reveal
Felix Ng3 hours agoTesla teases robotaxi ride-hailing app ahead of August revealElon Musk hinted at what Tesla’s long-awaited robotaxi experience could look like during Q1 earnings, while the firm’s Bitcoin holdings
World-Famous DJs Paul Oakenfold, Carl Cox, Paul Val Dyk Spin and Crossfade Into the NFT Universe
World-Famous DJs Paul Oakenfold, Carl Cox, Paul Val Dyk Spin and Crossfade Into the NFT Universe While celebrities and athletes have been jumping into the non-fungible token (NFT)