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RE: MIRA MIRA On The Wall...Holy Sh*t, Did That Just Happen?
Excellent explanation of a transformative development.
Fundamentally, true decentralisation requires nodes to be run on commodity hardware so large numbers of people can run nodes.
But transaction times are also important for many potential blockchain applications.
Until MIRA Fast transaction times meant lots of RAM = $$$ = low decentralisation.
MIRA changes that and makes Steem the first blockchain with fast transaction times AND low cost nodes.
And THAT is a whole new ballgame!
This is an enormous point. We are entering a new era with this step forward. The trade-off of speed for high cost is ending.