/biz/ - Business & Finance

[Anonymous No.16841698]

There's a principle in aerospace engineering where, given the long development timeframes, you have to consider whether it is worthwhile starting a mission today, given the technological benefits you will have in 10, 20 or 50 years.
It is worth considering whether a shuttle you develop now will be overtaken by a subsequent, more high tech shuttle.

Similarly, in the decentralised platform field, the catch cry of new projects in 2017 and 2018 was TPS. The chain with the highest TPS, while maintaining decentralisation and security, was seen to be the winner.
But the development of faster blockchains has been massively outpaced by ways to perform off chain computations and provide secure attestations of bundles of transactions. While no platform has managed to convincingly and securely outpace Ethereum at scale, technologies like ZKrollups and threshold signatures have increased the efficiency of secure off-chain computation by a factor of 1000.
So increasingly it is looking like decentralised platforms, rather than being the computational layer, will instead be a proving layer where attested, secure off-chain computing is submitted.
This is obviously good news for decentralised platforms as a whole, as it massively reduces the transactional and computational load of any application, which by extension vastly increases the capacity of the platform to handle a high volume of complex smart contract applications.

[Anonymous No.16841701]

There is still an incentive for platforms to chase high TPS. As with conventional computing, more is better, and when you raise the ceiling of what is possible, that new space is inevitably filled by new and novel and more intensive applications.
But the effective "outsourcing" of complex computational loads to off-chain processes, that are then attested on chain, requires a general reconceptualisation of what a global computer will look like. The blockchain layer itself will be an attestation layer that serves as a secure record of computation that overwhelmingly happens off chain.
With that in mind, Chainlink's intense focus on secure off-chain computation positions them at the forefront of this system, and their prescience in regards to the importance of secure off-chain processing is indicative of a conceptual understanding that is up there with the absolute cutting edge of blockchain infrastructure development.

[Anonymous No.16841785]

Good write up anon

[Anonymous No.16841799]

bamp for the best fucking thread/posts on biz in months
this is why im in it for the tech

[Anonymous No.16841802]

>>16841698

That's like, any project in any industry dealing with technological development

[Anonymous No.16841812]

>>16841802
ur a dumb faggit and you should kys

[Anonymous No.16842045]

>>16841698
>>16841701
didnt read not selling