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General Discussion / Re: OpenLedger propose Bitshares 3.0 enhancements
« on: October 23, 2017, 04:39:27 pm »
Thank you very much, great initiative IMO!
I'm very sceptic about porting a VM to BTS. I believe that in the end it means that we have to sacrifice our speed, because the problem here is that VMs simply don't scale. We're still one of the fastest blockchains out there - sacrificing that for something that in the end would be no better than ETH would be a very bad move IMO.
Not sure if I understand what you mean - are we talking about Atomic Cross--Chain Trading (ACCT)?
In that case I think that this would be a great feature to have. It could provide an actual trustless gateway (as opposed to a delegate-controlled sidechain/gateway) between BTC and bitBTC, and most altcoins out there. The speed of such trades is mostly determined by the speed of the other chain (read: slow), which is why I think that people wouldn't use it for everyday trading but more to move funds into and out of our chain. For everyday trading they would use out built-in high-speed DEX.
It could also be implemented with relatively little effort (read: low cost) I think.
AFAIK FBA's have been implemented. The only current use-case is STEALTH, i. e. part of the fees for stealth transfers are used to buy back the STEALTH asset.
If you mean something else, please expand.
1) Implementing a virtual machine (like Ethereum’s’ Virtual Machine) into Graphene.
I'm very sceptic about porting a VM to BTS. I believe that in the end it means that we have to sacrifice our speed, because the problem here is that VMs simply don't scale. We're still one of the fastest blockchains out there - sacrificing that for something that in the end would be no better than ETH would be a very bad move IMO.
2) Implementation of the Atomic Swap mechanism.
Not sure if I understand what you mean - are we talking about Atomic Cross--Chain Trading (ACCT)?
In that case I think that this would be a great feature to have. It could provide an actual trustless gateway (as opposed to a delegate-controlled sidechain/gateway) between BTC and bitBTC, and most altcoins out there. The speed of such trades is mostly determined by the speed of the other chain (read: slow), which is why I think that people wouldn't use it for everyday trading but more to move funds into and out of our chain. For everyday trading they would use out built-in high-speed DEX.
It could also be implemented with relatively little effort (read: low cost) I think.
3) Creation of Fee Backed Asset.
The idea of creating the FBA was proposed back in 2015, but was never implemented.
AFAIK FBA's have been implemented. The only current use-case is STEALTH, i. e. part of the fees for stealth transfers are used to buy back the STEALTH asset.
If you mean something else, please expand.