Layer 1 VISA-level scalability

[AlexanderPavlenko]

https://github.com/HigherOrderCO/Kindelia/blob/master/WHITEBOOK.md#why-not-become-a-layer-2-ethereum-rollup

Let's begin with a hard fact: no decentralized layer 1 computer will ever achieve VISA-level scalability. That is not a pessimistic projection, but a direct consequence of the overhead of consensus, the size of Earth and the speed of light.

Can this be elaborated? How the prediction can be a "hard fact"?

Also check out TON claim: https://blog.ton.org/100000-transactions-per-second-ton-sets-the-world-record-on-its-first-performance-test

[fractastical]

You would need to isolate the core variables related to transaction finality, namely: [1] Time to achieve network consensus (i.e. a new block) [2] Amount of data that can fit in a block [3] Resistance to data tampering 3 is the hardest one because it depends on a lot of core assumptions regarding math, cryptography, and game theory, but should still be possible to formalize. Highest reliability method would probably be to formalize the variables then assess how well the different networks measure up (rather than simply parading around a term like "TPS").

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On Tue, 28 Nov 2023 at 09:33, AlexanderPavlenko ***@***.***> wrote: https://github.com/HigherOrderCO/Kindelia/blob/master/WHITEBOOK.md#why-not-become-a-layer-2-ethereum-rollup Let's begin with a hard fact: no decentralized layer 1 computer will ever achieve VISA-level scalability. That is not a pessimistic projection, but a direct consequence of the overhead of consensus, the size of Earth and the speed of light. Can this be elaborated? How the prediction can be a "hard fact"? Also check out TON claim: https://blog.ton.org/100000-transactions-per-second-ton-sets-the-world-record-on-its-first-performance-test — Reply to this email directly, view it on GitHub <#277>, or unsubscribe <https://github.com/notifications/unsubscribe-auth/AAEP3BYP5Y7FKPRGNRV37WDYGWOV7AVCNFSM6AAAAAA75LA2JKVHI2DSMVQWIX3LMV43ASLTON2WKOZSGAYTGOJRGUYTMNI> . You are receiving this because you are subscribed to this thread.Message ID: ***@***.***>

[AlexanderPavlenko]

rather than simply parading around a term like "TPS"

In case of VISA there's not much else to parade around:

• transaction finality: 60 to 180 days to request a chargeback (void in some cases)
• resistance to data tampering: bank account freeze (smart contracts' feature as well)

Also scalability implies "high availability" which is decentralized computing too, except the computers run in a trusted environment and communicate over a trusted channel.