We saw a major shift in the Ethereum network last week with the upgrade of Merge. This moved ETH to a PoS systm of consensus.
In this video I discuss the recent revelations that came out of that. With some of the wrts being exposed, did this help Hive at all?
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Oh, Ethereum is such expensive transactions (
Actually they have been down with the market crash. But it still will be an issue.
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I have a bit of knowledge on app development and I am actually thinking of the possibility of creating dApps that utilizes the Hive blockchain. I have three in mind at the moment. My current concern, however, is how would it work on the business or entrepreneurship or management level. I will obviously cannot do it alone.
As far as I know, only games are mostly being developed on top of the Hive blockchain and I believe we can also do a lot of other non-game related stuff. This will increase the Hive user base and can also make the onboarding seamless just like how Splinterlands is doing.
I am actually curious on the block production and also thinking of trying out producing some blocks.
With HAF coming out, now is the time! Start coding!
Thanks for the push! I will read more about it and get back to coding.
That has a lot of potential. Many who know coding feel it is really going to be a great addition.
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I am working on an outline of how to build JP Morgan on Hive.
So that means we need a lot more than just games. So many possibilities.
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Indeed a very logical discussion and I've found many blogs about ethereum merge last week and here you’ve discuss it with some good points and I think so, Eth made hive attractive.
Maybe they hope to get money attacked now. Would make sense for some bag holders.
I don't know if the new Ethereum network will help the growth of #Hive but what is certain is that the developers are doing their job very well to position us at the top
I think Hive has the ability to meet the requirements of the market, in terms of use and utility. However, Hive's biggest enemy is ignorance. People are just simply unaware... we have to remain diligent and continue gaining external exposure.
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That is true although we still are lacking some things. I still think the lack of smart contracts negatively affects the potential here.
Hopefully that will be solved soon.
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I think it makes sense and I do think it being pointed out will help Hive. However, Hive has already started building solutions for it and I do think the HAF will make things a lot easier. SQL is a language that more people are exposed to and it will be a lot easier.
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HAF seems to have a lot on the development side excited.
We will see what things look like when that goes fully live. I am not sure how quickly things will progress with it. Hopefully a lot jump on board.
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BEER.Summary:
In this video, the speaker discusses whether Ethereum's recent moves make Hive more appealing. They delve into the issues of proof of stake centralization within Ethereum and how it contrasts with Hive's decentralized block production system. The speaker touches on the limitations of Hive compared to Ethereum, particularly in terms of smart contract capabilities. Nevertheless, they highlight the potential for Hive to attract developers who value decentralization and open-source principles. They discuss Hive's node operator selection process, emphasizing its accessibility and lack of pre-screening compared to Ethereum's predetermined node operators.
Detailed Article:
The video speaker begins by highlighting Ethereum's dominance in the blockchain space, acknowledging its utility, financial magnetism, and developmental progress. They note the rise of other blockchains like Cardano, Solana, Polygon, and BSC, emphasizing the entry of VC-funded chains into the market.
A crucial point discussed is the issue of proof of stake centralization following Ethereum's transition, known as the Merge. The speaker outlines how a few entities holding a significant stake could lead to high block production control, potentially enabling an 80% chance of block acquisition. They express concerns over governance and centralization within Ethereum due to skewed stake distribution.
The speaker then transitions to compare Ethereum with Hive, focusing on Hive's decentralized nature due to its Delegated Proof of Stake (DPoS) model. They discuss the benefits of Hive's block production system, which intentionally limits the number of blocks any individual produces, ensuring a more balanced distribution of block creation among node operators. Despite acknowledging Hive's drawback of limited smart contract capabilities, they express optimism about the upcoming hard fork potentially enhancing Hive's platform for smart contract development.
Another key aspect highlighted is the accessibility of becoming a node operator in Hive, contrasting it with Ethereum's pre-selected node operators. They underscore Hive's openness, allowing anyone with the capability to set up a witness node and attract votes without needing validation or permission from a select group. This democratic approach to node operation in Hive is portrayed as a significant advantage over the centralized selection process in Ethereum.
The speaker also touches on the potential for Hive to attract developers aligned with the values of decentralization and open-source principles, anticipating that a community of such developers could kickstart a network effect benefiting both developers and users. They draw attention to Hive's account management system, emphasizing its potential for attracting users through applications and games built on its platform.
In conclusion, the speaker contemplates Hive's positioning amidst the broader blockchain landscape, suggesting that while Ethereum remains a heavyweight in terms of financial capital, Hive's appeal lies in its decentralized structure and developer-friendly environment. They anticipate that Hive could gain traction among developers who prioritize ethos over financial gains, thus potentially driving network growth through a community-driven approach.
Overall, the video provides a comprehensive analysis of Ethereum and Hive, highlighting their respective strengths and weaknesses in terms of centralization, stake distribution, smart contract capabilities, and node operator accessibility. The speaker's insights offer a nuanced perspective on the evolving dynamics within the blockchain space and the potential for Hive to carve out a niche based on its distinctive decentralized features.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.
I think the token is definitely doing well recently, good one