@CorienKoolen @io_terry 1\ I would assume that it would even require more TPS as an estimate of 20% is most probably too low (not immediately but if it would be used globally).
Considering, that this is just a single use case, it becomes very clear that this can only be done with sharding.
Considering, that this is just a single use case, it becomes very clear that this can only be done with sharding.
@CorienKoolen @io_terry 2\ And it also becomes very clear that it would make a lot of sense for this sharding to be location-based using a geographical mapping of the real world where all the actors that are interacting "see" each others transactions.
This is exactly what we are working on with IOTA.
This is exactly what we are working on with IOTA.
@CorienKoolen @io_terry 3\ I have posted the initial concepts of IOTAs geo-based sharding concepts in my tweet from a few weeks ago.
I didn't have time to write the third part of the blog post, yet as we are currently focusing on getting the first coordinator-less testnet out.
I didn't have time to write the third part of the blog post, yet as we are currently focusing on getting the first coordinator-less testnet out.
@CorienKoolen @io_terry 4\ But the general concepts exist and I hope to be able to implement a first prototype by the end of this year.
There are still some open research questions regarding the exact parameters of such a system but it is the immediate focus after delivering on coordicide.
There are still some open research questions regarding the exact parameters of such a system but it is the immediate focus after delivering on coordicide.
@CorienKoolen @io_terry 5\ So I would expect first results to show up pretty "soon".
But this is of course just my personal "It would be cool to have a system to experiment with" kind of thinking and it might very well happen that it will take a bit longer.
Things like this are hard to predict.
But this is of course just my personal "It would be cool to have a system to experiment with" kind of thinking and it might very well happen that it will take a bit longer.
Things like this are hard to predict.
@CorienKoolen @io_terry 6\ But if you want a "guesstimate" then I would say maybe 2 years to see this materialize in the mainnet.
What I really like about this use-case is that it shows where we are heading regarding a "decentralized future" of humanity and that it doesn't make sense to use VISA as ...
What I really like about this use-case is that it shows where we are heading regarding a "decentralized future" of humanity and that it doesn't make sense to use VISA as ...
@CorienKoolen @io_terry 7\ ... a benchmark for how many TPS a DLT should be able to process.
If we really think that DLT's are the future then we will need to be able to process millions of TPS globally and that is exactly what we are working on.
If we really think that DLT's are the future then we will need to be able to process millions of TPS globally and that is exactly what we are working on.
