Wow this is epic; I never understood you could run a private EVM instance.
Hope you get some help to get this moving.
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Wow this is epic; I never understood you could run a private EVM instance.
Hope you get some help to get this moving.
I didn't understand we could do private EVM instances either until I started reading the whole technical documents on the thing either which was sparked by the curiosity of how Binance did their chain. :)
Hoping to Hire a friend to help me with this.
That would be so epic; this has the potential to change change everything for Hive.
Is the Binance EVM instance still PoW or did they move to POS?
Binance chain as far as I know is using a method of block production that doesn't involve other nodes but I might be wrong. There is a few ways you can set your chain up and not all of them involve multiple nodes or decentralization.
They kinda use a limited POS-POSA where select validators stake BNB and thus make blocks-think of it like the top 21.
I've looked into the various configurations that these private EVM's can be run in and honestly it was quite an eye opener and the reason that it was decided this was a path that must be explored and brought to fruition.
Not a huge fan of the way Ethereum is/was run tbh but I do dig the technology it's got under the hood.
Yeah Private Virtual machine aren't new. Counterparty once had it-softforking smartcontract on bitcoin though it wasn't on a sidechain and suffered support for it didn't use bitcoin as native gas token. Suprised that it now catching on though
XCP was sort of ahead of its time in a sense!
The way the VM is ultimately implemented decides on if it's truly decentralized. I'm certainly interested in creating something that leverages whatever parts it can from HIVE while also remaining fully functional as a solidity smart contract compatible EVM. The whole project and it's possibilities are quite exciting to me honestly.