People have a foul behavior. It is that they lie. This downside was a headache that even God couldn’t clear up. Nevertheless, a know-how has emerged to resolve this downside, a minimum of partly. It emerged from cryptography, of which blockchain emerged based mostly on a know-how known as digital signature, and thru it, a minimum of lies about {qualifications} may very well be faraway from the world.
There are three forms of lies on this world.
The query of mendacity about {qualifications} is that of the Byzantine Common. A goes to inform B, “I am going to see you tomorrow.” Digital signature know-how is a know-how that ensures that this message is delivered with out forgery by the sender within the center. This solves the Byzantine Common Drawback.
The issue of mendacity about content material is the Oracle downside. It’s like though A has no plans to go to see B tomorrow, he’s sending the doc to tease B. On this case, the digital signature turns into meaningless.
The lie about intention is that A goes to see B tomorrow, however the hidden goal is to steal property from B’s protected. This downside may be regared as a form of Oracle Drawback. It’s the identical as if a malicious DApp programmer creates and deploys a wise contract code that mechanically adjustments the deal with of the receiver to that of him.
This can be known as a code oracle downside in preparation for the information oracle downside. As a mainnet developer, there may be nothing important within the know-how of blockchain apart from the know-how of digital signatures. That stated, this solved the Byzantine normal downside, which led to large innovation. It’s because it cured a few of human mendacity habits that even God or the regulation couldn’t succeed. Now, if we clear up the 2 remaining Oracle Issues, the world may be utterly free from lies. In brief, blockchain means half the success within the battle in opposition to humanity’s mendacity habits.
Nonetheless, the blockchain is nothing greater than overcoming the Byzantine Common Drawback. In different phrases, it’s only half success, not full success. Technically, it’s nothing greater than an digital signature. Different miscellaneous abilities are both already current abilities or simply atypical abilities that may be developed by hiring an average-headed worker. Most current blockchains are nonetheless very primitive or infantile. They haven’t escaped the primary era. The title Web3 is absurd. Talking of which, I am unable to assist however level out extra particularly.
Essentially the most comedy of the elements that make up the blockchain is the gasoline prices. The identify itself is a lie. Gasoline payments are solely a safety measure to stop mischievous hacking, that is, infinite repetition. In different phrases, the true identify of gasoline prices is safety prices. The official Ethereum doc additionally confesses to this.
“In brief, gasoline charges assist maintain the Ethereum community safe. By requiring a charge for each computation executed on the community, we forestall unhealthy actors from spamming the community. … “
https://ethereum.org/en/builders/docs/gasoline/
Nevertheless, when Satoshi first developed Bitcoin, he was confused concerning the idea. The concept of gasoline prices was unclear in his thoughts. In consequence, the gasoline value downside stays probably the most critical issues of the blockchain. The aftereffects nonetheless linger. Ethereum remains to be receiving gasoline prices and placing the burden on customers.
Moreover, the low gasoline value will increase the priority of infinite repetitive assaults. In different phrases, it isn’t all about reducing gasoline prices. Gasoline prices must be applicable. Particularly, the standards for appropriateness shouldn’t be based mostly on ELECTRICITY CONSUMED, however on SECURITY RISKS. In different phrases, irrespective of how small the scripts or the computation is, excessive gasoline prices must be imposed on the scripts with excessive safety dangers, and gasoline prices must be decreased or exempted if the safety threat is negligible.
Due to this fact, the very first thing to do is to vary the identify of the gasoline prices to the safety prices. The identify of gasoline value causes an unknowingly phantasm, and the phantasm brought on by Satoshi nonetheless has unwanted effects.
The correct strategy to impose gasoline prices, or safety prices, must be based mostly on the next three standards.
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Objective – Imposition as a safety value, not gasoline value
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Adequacy – Imposition based mostly on achievement of goal, neither excessive nor low
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Accountability – Imposition solely to these accountable. Return to those that aren’t accountable
On this regard, to provide an instance of Ethereum among the many current blockchains,
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Objective – There’s a notion that it’s charged as safety prices, however the quantity of gasoline charged for particular person transactions remains to be based mostly on electrical energy consumption, not safety dangers. They’re nonetheless in chaos.
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Adequacy – too excessive or too low.
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Accountability – Sincere scripts pay the identical gasoline prices as malicious scripts.
The blockchain ecosystem remains to be infantile, and know-how can be infantile. What’s extra comedy right here is the identify Web3. Buterin made the crown himself and put it on for himself. Nevertheless, simply because the digital signature know-how was adopted, the technical content material remains to be too poor for the present blockchain to put on the crown of Web3. I questioned at first as a result of I did not know what the identify Web3 meant. After some time, I could not assist however snigger after confirming that Web2 and Web1 equivalent to Web3 had been the present Web2 and Web1 used within the web. If Buterin needs to put on the Web3 crown, he ought to have even solved the Oracle Drawback earlier than that.
I assume Satoshi or Buterin is somebody who would not have a lot expertise in net programming. In the event that they had been conversant in net programming, they’d absolutely have launched a flexible database, that is Mysql, from the start. There isn’t any motive to create a separate database within the blockchain. Ethereum is simply now introducing MongoDB, one of many versatile databases.
For the above causes, I argue that each one current Bitcoin and Ethereum platforms must be discarded. Defects within the preliminary core degree completely trigger issues and burden the system as a complete. In fact, being discarded doesn’t imply that each one cash which have already been issued will disappear. A whole switch is feasible by means of applied sciences akin to crosschain or multi-chain. Within the case of DApp, that’s, good contracts, there may be additionally no downside in migrating the present DApp as it’s. In truth, there are a lot of such DApp platforms.
