100% agree with @blocktrades about the second layer. It doesn't need to be peer to peer.
I was listening to the Decentralize Hive Engine meeting the other day, and all I could think was, why are they even trying to do this?
100% agree with @blocktrades about the second layer. It doesn't need to be peer to peer.
I was listening to the Decentralize Hive Engine meeting the other day, and all I could think was, why are they even trying to do this?
It's debatable honestly, it depends on what you want to achieve and how you want to achieve it.
If you want a side chain that can go beyond hive limitations with things like sharding etc, you want to have peer to peer validation.
A concept where you would need it would be something where you have a side chain with its own blocks, it's own peers etc. And it only syncs it's state with the main chain now and then to benefit from its security. In that case you can have a side chain that does anything you want with like proof of work 1s blocks or whatever.
Yes, but the goal is not to compete with general purpose blockchains at the moment. Let's focus on being a good first layer for communities, and giving them second layer tools to do their own thing.
We can't solve every problem in the world, communities is already a huge usecase.
Also, this will allow many kinds of different dapps that can use simple smart contracts.