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Milestone for the Innovation of Distributed Ledger Technology

beebee
edited April 2021 in Off-Topic
I like the reference to bee nodes...here's the buzz:

Genesis loaded ….
Coordinator deployed ….
Nodes (bee node) online ….
Community ready to participate ….
Chrysalis ready for launch!
IOTA will become the first production-ready DLT ( Distributed Ledger Technology) network based on a fully decentralized leaderless consensus protocol that is scalable, feeless and secure. This is a tremendous pioneering achievement and milestone for the innovation of distributed ledger technology. All achieved without requiring any miners or wasting resources.
Maybe a greener solution?

https://blog.iota.org/the-new-chrysalis-network-is-live/

Comments

  • Old_JoeOld_Joe
    Prior to this distributed ledger technology usually involved just shredding old records for use in ticker-tape parades. This new approach seems unduly complicated.
  • beebee
    Interesting math of bitcoin's value:
    Bitcoin is a solid proxy for the blockchain disruption. However, it’s not everything. Bitcoin is about half of the market cap of the industry – but possibly less than half of the future opportunity.
    In previous letters we’ve made the case that bitcoin will probably go up a lot, and that ethereum could go up more, and polkadot even more than that. And that we’re most bullish on DeFi and other projects built on top of ethereum and polkadot.
    Some of this is just small caps out-performing mega-caps in a bull market. However, most of it is for underlying reasons which we have discussed elsewhere.
    We wrote in our January investor letter that the market cap of bitcoin plus ethereum was 84% of the overall market. All 5,000 other projects combined were only 16%.
    blockchain-letter/five-orders-of-magnitude/
  • AnnaAnna
    @bee Since you are on the subject of value, what non-psychological, non-casino, non-mythical tangible product, service or utility gives bitcoin its value? I just don't get it. Yes, still after all this time don't have a clear coherent explanation for what value is "bitcoin" or rather what productive value. I am just dumb that way, sorry.
  • Old_JoeOld_Joe
    @Anna- I don't believe that you are "dumb". Not for one minute.
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