[dtube] Sharding - How will Blockchains Scale

doctalk (55) 7 years ago

Sharding in blockchain is very early and a long way in the future. Meanwhile Vitalik also proposed Plasma for Ethereum blockchain as a scalability solution . NEO working with trinity And of course LIghtning Network for Bitcoin . Out of all these as a payment gateway i personally believe LN will do the best. But an on-chain scaling with sharding will be really interesting .
I think sharding is native to blockchain if it happens , but for now on and off combined solution is workable for Bitcoin , at least in near terms.

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blockchainnerd (19) 7 years ago

Thank you Michael for the explanation.

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wa2qr (58) 7 years ago

Sharding is proving essential in helping us achieve the speeds necessary for the transactions within the blockchain. Consequently, this technology has found itself in a position that every venture want to utilize. As such here a blockchain cryptocurrency that is set to improvise the Sharding technology to reclaim faster transactions and investing.

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techxegama (53) 7 years ago

Etherium shardring? I heard this first time..

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1 vote

yusfriadi (49) 7 years ago

"Sharding is a type of database partitioning that separates very large databases the into smaller, faster, more easily managed parts called data shards"

I really support sharding. sharding able to minimize the world's problems related to data. scaling of blockchains in it is just one attempt to get there. it's a remarkable development

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5 votes

ummahzafir (39) 7 years ago

I agree that

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good-voter (36) 7 years ago

I'm too

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bitcoinwolf (55) 7 years ago

good review as always

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arbazalam (57) 7 years ago

Oh great video. Loved the information. Yeah it will be good to see who is going to use sharding properly in cryptocurrency. Sharding blockchain it big project that process all the transaction which may become the future too.But there will be a lot if challenge. I want to know more about sharding i am going to follow you in instagram. Thanks for sharing it with us..@boxmining

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asim1234 (45) 7 years ago

In order to perform a transaction on Blockchain today, all computers, or nodes, in the network must validate the transaction or execute a smart contract, a piece of code stored in the network that delineates the conditions necessary for the transaction to be carried out. If all nodes achieve the same result and reach a consensus, the transaction is confirmed. As you can imagine, this takes time.

Sharding, on the other hand, runs on the parallel processing power of multiple networked machines that split up the workload of verifying transactions. It automatically divides networks into smaller sections, or “shards,” each of which runs a smaller-scale consensus protocol.

Processing in parallel, such a network is capable of churning out hundreds of transactions per second per shard, for a total of thousands of transactions per second.

As more nodes join, the network will become increasingly faster at validating transactions. Once such a network is as large as that of Ethereum, it will be able to handle so many transactions per second that it makes it faster and potentially cheaper than VISA.

If such systems achieve the speed necessary to take on the workload of our current banking system without sacrificing the permission-less nature of distributed networks, dApps that make use of everything from auctions to payments will be able to operate on its robust, secure, and efficient protocol. Sharding may help facilitate a major breakthrough in solving Blockchain’s scalability crisis.

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