Ava & BloxRoute
Abstract
Emin Gun Sirer talks about both BloxRoute and Avalanche as layer 0 and layer 1 scaling solutions.
Commentary
The work presented is existing and covers both layer 0 networking and layer 1 consensus. The claim that Avalanche is the third major consensus mechanism of the last 4–5 decades in a major statement. Will be very interesting to watch the development of this project.
Notes
The promise
Blockchain
Every finance company is working on Blockchain
10 billion in ICO
Dnm operators with boe at the table
More songs about bitcoins than google, Facebook, and free software
Big gap between the dream and reality
A payment system?
A store of value?
Leaks 300 m of value annually
A decentralized system?
19 mining entities in bitcoin
11 mining entities in ethereum
21 bps in EOS
Alibaba is 325,000 tps
Cryptokitties brought ethereum down for about a week
Preserve decentralization
Scaling at the network layer
The forgotten layer 0
Bloxroute addresses scaling at the network layer
Like Akamai, but for small, timely, high value data, with many sources and sinks
Compatible
Akamai play
Propagates 100x less data using internal caching, cut through routing, end to end encryption
Consensus Protocol
Lamport and liskov
After 15–17 rounds, everyone will have the same colors
No miners
