Vitalk Verifies Volume Vaporware
mEthereum creator Vitalik Butterin was recently quoted as saying that network will eventually be able to process "potentially more than 100 million transactions per second". Butterin claims that the as yet unreleased "technologies" of sharting and plasma will allow the network to scale, despite evidence to the contrary.
Sharting is at it's most basic a method of breaking down parts of the giant turd that is the ETH database so each node only needs to process a smaller portion of the total shit, and Plasma is basically "Lightning Network" for ETH.
Buterin further stated:
So if you get a 100x from Sharding and a 100x from Plasma, those two basically give you a 10,000x scalability gain, which basically means blockchains will be powerful enough to handle most applications most people are trying to do with them.
Such world changing applications will likely include CryptoKitties and Virtual Shrimp Mining, the two highest-volume transaction makers on the platform which recently caused the network to DDoS itself.
Tags: News, Bitcoin, Cryptocurrency
