The free market is actually ditching GRIN, DASH & ZCash for Monero
The free market is actually ditching GRIN, DASH & ZCash for Monero
Who was using GRIN?
Are you new to Monero? To ditch something, you’d have to use it in the first place.
In some areas, xmr are used more than btc, and that was like last year’s news.
I'm not new but now it's obviously visible: Theses networks usage peaked the last bullrun, maybe a "rebounce" in transaction count would have happened but not. While Monero bottomed it's daily transaction count earlier so maybe people ditched their networks
Grin is currently in research project mode. You can expect Monero to outperform, Monero is tried, tested and used. I think the future is MW, literally the only blockchain architecture that doesn't rely on storing historical state in perpetuity to guarantee security.
Dash and zcash... Who cares. Monero beat out both of them years ago. They're irrelevant now.
@mister_monster @snitchy_asc I had the same skepticism about monotonically increasing blockchain sizes.
I wish I had looked at storage and bandwidth curves a lot earlier.
Long term storage size is no longer a concern I worry about.
You're thinking too small. It's not about the practicality of storage, it's about a simple fact: transaction history need not be perpetually kept to guarantee security. Prior to MW, we thought that this was the case. There is no fundamental reason why we need anything more than the UTXOs to guarantee security of the network, MW proves that. That's what makes it the future.
Another consideration: throughput is constrained by block size in both Bitcoin and Monero. In MW, throughput is constrained by network bandwidth. The entire blockchain is one big block with only UTXOs in it. You can have an unlimited block size and it still only scales with the UTXO set if the nodes can all talk to each other fast enough. You can have unlimited throughput at layer 0 finalized directly on chain.
MW gives us pure money without storing anything about historical state. But it doesn't give us programmability. Right now we have to store some historical state in order to get programmability, but I see no reason why this is a fundamental requirement, maybe a cryptographer or information theorist around here can correct me there. All we need is that breakthrough and we have the foundation to build the perfect money.
GRIN was actually a cool thing fairly rant so I dont trash them but the market made it's choice. An other problem with GRIN is the lack of RingSignatures to hide the past because MWEB more acts as scalability
the market made it’s choice
Theses networks usage peaked the last bullrun
Perhaps by “the market” you mean like exchanges, where investors trades tokens. Most ppl here use xmr to buy things or services. That might be why you sound a bit off.