Would be interested to know from someone like you who can digest the complexity of the different blockchains, which blockchain/tech you think is further along in solving the trilemma + governance.
I don't think the trilemma is solvable so it's more down to what aspects you think are more important. I think crypto's main use case is being high security so chains that aim for high security and decentralisation are best. Then to get scalability we should use L2's. Out of the L2's I've looked at, rollups and validiums seem the best and Ethereum is by far the furthest ahead with using these so currently Ethereum is the closest to solving the trilemma. For governance, it's going to be difficult to beat the existing social consensus model. Using stake seems like a worse option as it leaves any vote up to a few whales who own all the stake. I don't really see any good governance models out there yet and think a lot more experiments will be needed. I also don't think L1's should be experimenting with governance at all and we should leave all governance experiments to L2's until one of them finds something good.
Hedera requires extremely powerful nodes with excellent internet connections to run whereas Cardano can be run on very cheap nodes by anyone. I can run a Cardano node on my old laptop. I can't run a Hedera node so can't actually validate it myself. The level of decentralisation is completely different.
Commenting one year later: Hydra has progressed an has arrived with its massive potential being showcased by this week's Doom Hydra demonstration. Blown away!
If you want to run a node on Kadena, you have to either choose a shard and only verify that the shard you chose is valid and just trust that the other shards are honest or run a node for every single shard. So it hasn't solved scalability if you want to be able to verify the whole network by running a node like you can with BTC/ETH.
Nice, a very informative video on Hydra, thank you.
So well explained 👏👏👏
Great video. As a cardano holder I kinda assumed they would be app specific. Thanks for the ubdate
This is the best illustration i have seen and it's simple enough for noobs like me to understand. You earned a subscriber. Thank you
good video :D
Would be interested to know from someone like you who can digest the complexity of the different blockchains, which blockchain/tech you think is further along in solving the trilemma + governance.
I don't think the trilemma is solvable so it's more down to what aspects you think are more important. I think crypto's main use case is being high security so chains that aim for high security and decentralisation are best. Then to get scalability we should use L2's. Out of the L2's I've looked at, rollups and validiums seem the best and Ethereum is by far the furthest ahead with using these so currently Ethereum is the closest to solving the trilemma.
For governance, it's going to be difficult to beat the existing social consensus model. Using stake seems like a worse option as it leaves any vote up to a few whales who own all the stake. I don't really see any good governance models out there yet and think a lot more experiments will be needed. I also don't think L1's should be experimenting with governance at all and we should leave all governance experiments to L2's until one of them finds something good.
@altexplainer you must *hate* CIP-1694 then 😅
Very good video. Can you compare Cardano with Hedera. It seems that Hedera can have high TPS without the problems you mention above.
Hedera requires extremely powerful nodes with excellent internet connections to run whereas Cardano can be run on very cheap nodes by anyone.
I can run a Cardano node on my old laptop. I can't run a Hedera node so can't actually validate it myself. The level of decentralisation is completely different.
Project sound likes good ,but employeed is so hard language
Three minutes into the video and there's too much manual coordination required. It should be seamless 👎🏾
It’s not manual for the user but for the application developer.
Only thing the user will do is commit funds. All the rest is abstracted.
Best explaination video on hydra! All others are laking the necessary detail!
Glad it was helpful!
Cardano is the way!
Thanks very much. Been wondering about Hydra and really enjoyed the simple explanation and graphics here.
Commenting one year later: Hydra has progressed an has arrived with its massive potential being showcased by this week's Doom Hydra demonstration. Blown away!
😂😂😂😂😂😂
Where IS Hydra
It's already been released. No one it using it though
great video! super intuitive. love the examples. keep it up!
Excellent video
Kadena already solved all this crap
An Infinitely scalable PoW blockchain 👌
If you want to run a node on Kadena, you have to either choose a shard and only verify that the shard you chose is valid and just trust that the other shards are honest or run a node for every single shard.
So it hasn't solved scalability if you want to be able to verify the whole network by running a node like you can with BTC/ETH.
@@altexplainer so wrong
Kadena solved the Trilemma and the scalability.
Period.🙂
Thanks, very clear. Hydra head is just way too complicated and annoying to be used for the mass.
Amazing video