I’m not worried about Bitcoin scalability, but I am losing sleep over Ethereum
Tuur Demeester

IMHO neither Bitcoin nor ETH/ETC is free from following fatal design flaws that stem from Blockchain technology itself:

  1. The blockchain distributed ledger pioneered by Bitcoin is effective at preventing double-spending, but inherently attracts (1) user cartels in the form of mining monopolies and (2) incompressible delays, as a result of linear verification and a winner-takes-all incentive lottery.
  2. We propose to forgo the “blocks” and “chain” entirely, and build a truly distributed ledger system based on a lean graph of cross-verifying transactions, which now become the main and only objects in the system.

Our new cryptocurrency codenamed “Substar” under active development will be the world’s first unchained (Blockchain-free) decentralized cryptocurrency capable of hyperfast validation (< 1sec) and built-in resistance to 51% and 33% attack vectors that plague all contemporary decentralized cryptocurrencies e.g. Bitcoin and Ethereum. Unlike Bitcoin and Ethereum, Substar will not be constrained by hardwired slow validation of transaction.

You may view my story here at https://medium.com/@sebrebel2070/humanitys-post-catastrophic-backup-system-a-blockchain-free-decentralized-cryptocurrency-and-a-35817be116dd


One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.