RE: Dan Larimer and Satoshi's 2010 Interaction: Does Steem Solve Bitcoin's Scaling Problems? by pnc

View this thread on steempeak.com

Viewing a response to: @stellabelle/dan-larimer-and-satoshi-s-2010-interaction-does-steem-solve-bitcoin-s-scaling-problems

· @pnc ·
@stellabelle. Steem Blockchain is different from Bitcoin Blockchain in many ways. 
1- Bitcoin is to energy (electric) power and can easily lead to centralization. And who owns electric grid? This is mainly because of Bitcoin Consensus mechanism (PoW - Proof of Work - which define how the the database are updated).
2- It's take 10 min (for now) for Bitcoin to validate transactions while it's take 3 sec in Steem.
3- Bitcoin process 7 trx/s (for now) while Steem process 10 000 txs/s and can scale up to 100 000trx/s

I will share with you some educational video of Dan's explanation on how we were able of bringing performance in Bitshares 2.0 (Steem's Brother) and from there you can easily understand why Steem Blockchain is far ahead of the curve regarding performance, scalabily and viability. It can be to technical for non tehnical user. 

https://www.youtube.com/watch?v=bBlAVeVFWFM  (4 min)

Thks
properties (22)
post_id1,771,327
authorpnc
permlinkre-stellabelle-dan-larimer-and-satoshi-s-2010-interaction-does-steem-solve-bitcoin-s-scaling-problems-20170116t212455714z
categorybitcoin
json_metadata"{"links": ["https://www.youtube.com/watch?v=bBlAVeVFWFM"], "app": "steemit/0.1", "users": ["stellabelle"], "image": ["https://img.youtube.com/vi/bBlAVeVFWFM/0.jpg"], "tags": ["bitcoin"]}"
created2017-01-16 21:24:39
last_update2017-01-16 21:24:39
depth1
children1
net_rshares0
last_payout2017-02-16 09:29:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length906
author_reputation22,675,431,258,708
root_title"Dan Larimer and Satoshi's 2010 Interaction: Does Steem Solve Bitcoin's Scaling Problems?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@stellabelle ·
yes, this is the exact answer i was hoping someone would provide. thanks for that. what a great response! thanks.
properties (22)
post_id1,771,460
authorstellabelle
permlinkre-pnc-re-stellabelle-dan-larimer-and-satoshi-s-2010-interaction-does-steem-solve-bitcoin-s-scaling-problems-20170116t214821487z
categorybitcoin
json_metadata"{"app": "steemit/0.1", "tags": ["bitcoin"]}"
created2017-01-16 21:48:21
last_update2017-01-16 21:48:21
depth2
children0
net_rshares0
last_payout2017-02-16 09:29:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length113
author_reputation436,515,832,240,166
root_title"Dan Larimer and Satoshi's 2010 Interaction: Does Steem Solve Bitcoin's Scaling Problems?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000