Last question, do you see a future for IOTEX Blockchain

Question

Last question, do you see a future for IOTEX Blockchain

in terms of of capabilities and performance compare with other super fast finalization blockchain as Solana that is getting more and more traction to be the preferred network for DePin?

#cryptocurrency #english #iotex

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18.11.2023

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The Dandy Sun Автор вопроса

Raullen | IoTeX Network
Great questions, we were discussing this internall...

Well, this is a nice approach to scale the present status of the IOTEX blockchain. Frankly I believe in W3bstream, but I have some concerns about TPS competition because of the time to market and effort in term of human resources and costs of development compared that you have internally with other major networks and foundations that can rely on huger ones.

0

18.11.2023

Raullen | IoTeX Network · Accepted Answer

Great questions, we were discussing this internally today. IoTeX L1 is one of the fastest PoS chain in the world already with 5sec finality and ~2000 TPS. The new rollup tech achieves a higher TPS using a fundamentally different approach (e.g., ZKP) b/c they do not need to run PoS among many concensus nodes across the world. If we were to make IoTeX L1 even faster, we will need to fuse validity-proof-based approach into the current PoS model which will make it similar to zkrollup after decentralizaiton.

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Last question, do you see a future for IOTEX Blockchain

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