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RE: Hard Fork 25 Thoughts on the Layer 2

in #witness • 4 years ago

There very well could be a layer 2. The inventor of Steem, Dan L, had a great vision back in the day. https://hive.blog/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination

Think of Bitcoin and Lightning Network. There simpler layer 1 is the more you can scale it. Hive is by far one of the most scaled blockchains in existence, with massive use over several years with the code. it has only gotten more efficient over time. Having a decentralized, robust layer 2 is what apps want, as can be seen from our biggest project Splinterlands is telling us exactly what they need to succeed. Layer 1 can only do so much, layer 2 is really where the hub of action is, and layer 3 from there can always be a possibility.

4 years ago in #witness by
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     4 years ago (edited) 

    CRYPTOCTOPUS: How do we get a marketplace on Steemit?


    DAN: Once we have private messaging we will have a classified tag. Posts made in the classified section will have payouts disabled.

    Private messages are necessary for exchanging personal information to close the deal (shipping addresses).

    We will add escrow support at the blockchain level.

    Which 2nd Layer dev is working on this?

    Has the memo-encryption feature been fully implemented on DHive? The last time I checked it wasn't and I was forced to use a deprecated library to get the job done on my Good World Order website.

    If private messages are so important then why aren't we focusing more on that?

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       4 years ago  

      I'm more focused on the foundation of a decentralized second layer. I would be willing to fund the private messaging part to any dev that wants to start working on it now.

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         4 years ago  

        After giving it some thought, the most important thing that we need is the escrow functionality. If that's already been implemented on Layer-1, as Dan suggested, then we can do some amazing stuff on Layer-2. Private messaging is only required for shipping physical products.

        Dhive's library shows 4 escrow operations:

        But, I'm not sure if those types of transactions are currently accepted by the blockchain. I will do some tests tomorrow to find out, unless someone else can enlighten us? @inertia @blocktrades @someguy123

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         4 years ago  

        I don't know much about escrow transactions, other than knowing that they are in-fact fully working at the blockchain level last I knew.

        I'm sure at least a few libraries have Escrow APIs ready to use - since they were added a good few HF's ago.

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         4 years ago (edited) 

        (edited)

        You're 100% correct.

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           4 years ago (edited) 

          DHive had a bug but Hive-js worked fine:

          .

          YESSS!!! Why aren't more devs using this? This is amazing. 🤓

          @someguy123: Sorry that I ever doubted you 😅

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             4 years ago  

            Have you seen BEECHAT? There is a tool that people can use to chat.

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