ThunderCore: A High Performance Protocol With Testnet and Demo Apps
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
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
