V God intends to marry Ethereum to BCH, and is planning to enhance privacy. Will ETH side chains and anonymous coins tremble?
Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), Author: Five Fireball Leader, reprinted by Odaily with authorization.
Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc)Vernacular Blockchain (ID: hellobtc), Author: Five Fireball Leader, reprinted by Odaily with authorization.ETH as the "first public chain" in the circleconsensus mechanism, anywhere is good, but the performance is too poor, so that so many public chains can take advantage of it, and publicize it
How high is your own TPS
consensus mechanismV GodHow special.
Although it is difficult to give birth, it cannot be idle. No, recently,
V God
He announced that he was going to "do something"!
One is to "temporarily marry" with BCH, so that BCH can serve as the data layer of ETH before the arrival of ETH2.0; the other is the relay registration burning mechanism, which is used to enhance privacy and resist spam transactions. So let's take a look at these two things, what do they mean?Tokensecondary titleWant to marry BCH: honey, you will be my data layer, okay?V God’s post is roughly as follows:
1. Do you know how ETH achieves expansion? It requires a non-scalable computing layer (that is, the layer that executes smart contracts, such as sending
Such a function), there is also an extensible data layer (used to realize the transfer, or the popular BCH Lettering on the ETH network
such a function).
2. If ETH 2.0 is realized, of course, it may take a long time, and it will be able to handle a data throughput of 10 MB/sec.ETC3. However, before the realization of ETH 2.0, if you want to improve the data processing capability, you need to find an "intermediary" to do this data layer. ETH looked around and thought
Yes, the reasons are as follows: large amount of data processing (32 M data per ten minutes), cheap (BTC transfer is too expensive), and the mechanism of verifying BCH on ETH has been realized
The only fly in the ointment is that BCH only produces one block in ten minutes, which is a bit long, but it is said that BCH will implement the avalanche protocol to strengthen zero confirmation, and it would be better if it can be done.
In fact, another called
The block generation time is 14 seconds, but the data volume of 8k per second is not enough, and the verification of ETC is more complicated than that of BCH, so the result is still biased towards BCH.
As soon as the V God post came out, there were a bunch of comments below, saying that in addition to BCH, many of its own public chains can also take on this important task. ETH Layer 2 However, judging from the content posted by V God, there are two objective facts:
1. This is just a proposal and may not be implemented.2. Even if it is implemented, it will only last until the day when ETH 2.0 "matures".In addition, it may be possible to judge two facts, that is, God V is a little anxious about the current ETH expansion plan, and the current pile ofGas Due to various reasons, he doesn't like the expansion project.
As we all know, there is indeed a performance bottleneck in the ETH network: in 2017, a cryptokitty can block the entire network,
Fomo3D 2018
This kind of game that can never end is actually because the network performance was exploited by hackers.A large number of transactions blocked the network, and the hacker successfully took away the prize.Recently, the reason for my anxiety is that the performance problems recently exposed by ETH have become serious again. The actual TPS of the network in the past month is only about 7, and the unpackaged and pending transaction volume has hit new highs many times.
If the performance is not good, you have to expand the capacity. Although Layer 2 has become a hot spot in the circle some time ago, and there are many star projects, V God still directly appointed BCH.
51% attack
ah! "He may mean that if the Bitcoin computing power is transferred, it will be a matter of minutes to get BCH. He also posted a comparison of attack costs to show that the attack cost of BCH is much lower than that of ETH. Choose BCH, It is equivalent to adding a "barrel short board" to ETH itself.
On the other hand, what may be more worrying is the many Layer 2 projects. These projects are some "substitutes" or "competing products" before the maturity of ETH 2.0 Plasma (Tranquility) (after all, the status of Plasma and Raiden Network Channel Layer 2 technology implementation is different, so it is not that once Plasma comes out, all ETH Layer 2 projects will be reset), but after all, the main advantage lies in the time.Nowadays, V God directly expresses his desire to use a mature chain like BCH to expand the ETH data layer through "marriage", which is worrying. Those Layer 2 items, foreground geometry?Relay Registration Burn: A Crucial Step in ETH's Privacy ResolutionWright2019 is not only the year of cross-chain, but also the year of anonymity.
Monroe, Dash
Waiting for forks to emerge one after another,
Wright
The MimbleWimble anonymous protocol is ready to be added, and now, even ETH is considering enhanced privacy.
The original post by V God is as follows:
The purpose of this mechanism is to resist spam transactions in private applications on the chain;
The implementation method is to establish a relay registration mechanism on the second layer of ETH network, and each transaction needs to pay a certain percentage of fees in sending broadcasts;
The user chooses a relay to broadcast the message (transaction) and pays the fee, the relay contract will burn (destroy) a certain percentage of the fee, and then transfer the rest to the relayer;
The relayer can not only accept ETH, but also accept ERC 20 Token;
Because of the presence of relayers, user privacy is also enhanced.
Many veterans are not clear about the definition and relationship of privacy, anonymity, and aliases. They always think that anonymous coins are cool and the dark web is cool, but have you ever thought about it? Is the overall development good or bad?
The widespread application of Bitcoin on the dark web, especially the Silk Road, gave people the impression that "anonymous transactions" are one of the important features of the blockchain. Various media also publicized the importance of privacy, saying that since the current Internet giants abuse our personal information and invisibly infringe on our right to privacy, anonymous coins are very important.
When you use WeChat and Alipay to shop on Taobao or Tmall, do you really care that your consumption is "not anonymous"?
Don't you think that when people want to use "anonymous currency", they are often buying "bad" things that are not legal or moral?
If the blockchain has been free from laws and regulations, focusing on anonymous transactions, helping money laundering or some black market transactions, you can still confidently say that "blockchain is a technology that changes the world and human relations of production." what?
Some time ago, the inscription on the ETH chain became popular. If one day, a large number of terrorist speeches are engraved on ETH, and even a large amount of illegal information is uploaded, because of the characteristics of decentralization, we cannot turn it off or delete it, because Anonymous We have no way of tracking down who uploaded this bad stuff, how do we deal with it?
secondary title
Have you really thought about it?
Regarding the story of anonymity, pseudonyms, and privacy, I have seen a very vivid metaphor before, so I directly quote it here. We should respect privacy, but privacy is not the same as anonymity. This is the case in the traditional world, but the blockchain world is no different. (The following content comes from the Internet).
"One person took 5 yuan to a small shop that he didn't know in the neighboring village to buy a pack of rat poison. Later, there was a case of death caused by rat poison in the village, and the remains at the scene proved that the drug came from this shop.
1) Except for the shopkeeper, no one knows that he bought rat poison, this is privacy.
