ThunderCore: A High Performance Protocol With Testnet and Demo Apps

SF Blockchain Week post #1

Abstract:

Thunder is a high speed blockchain protocol with a testnest deployed in August. At SF Blockchain Week, the team demonstrated a chat app call Thunder Chat that is faster and more cost efficient than other decentralized chat apps.

Commentary:

The chat interface looks very old school and how can someone use this on mobile? The technology demo is very cool so now it’s a question of how to bring these apps to a more user friendly

Notes:

What is Thunder

100x faster than Ethereum, 1000x cheaper

1000+ TPS live on testnet for Ethereum smart contracts

block confirmation time in seconds

sub-cent transaction cost

full compatibility with Ethereum Smart Contract

Consensus PoS with variable committee size, hundreds of voting nodes running on public testnet

Chat Dapp

chatdemo.thundercore.com

Rinkeby

-slow txn confirmation — 15 seconds to send a message

-high txn cost

Thunder

-near instant txn confirmation

-negligible txn cost

Rinkeby

-high cost @ 0.3 eth to deploy our chat smart contracts

Thunder

-minimal switch cost — add thunder network in “truffle.js”

-a fraction of the time and negligible cost to deploy the exact same smart contracts