Media block chain and scalability


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nIf your technology can not be extended, it may simply not exist meaning. At least, in the real world there is no meaning to use.n
nBlock-based media is no exception. In order to be available in the media field, block-chain technology must be scaled up to accommodate and increase user and demand.n
nThe media block chain based on Bitcoin is facing a huge challenge. Traditionally, Bitcoin can not be seamlessly extended as some block-chain developers and users want. Its limitations in this area have led to the questioning of the future of the counterweight media block chain. This also increases the possibility that an alternative block chain, such as the Ether Square, goes beyond Bitcoin in the media market. In the media chain chain companies in the growth process, the need to expand the factors into their consideration plan.n
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nBitcoin expansion problemn
nThe concept of the block chain is known for its own currency, which is designed ten years ago. At first it only takes into account dozens of users. Although the current total number of Bitcoin users is difficult to quantify, but at least one million, and may be several times the number.n
nOver the past 10 years, the bitcover user base has grown significantly, which means that now the bitcoin block chain must accommodate more participants. The number of transactions is now much larger, which is much larger than its early scale.n
nIt is difficult to expand the scale to solve this problem by designing the amount of transactions that can be processed quickly. This restriction is mainly due to the size of the bitcoin. The size of a bit coin block (that is, the transaction unit when the distributed books constituting the bitmember block chain is combined) is limited to 1 megabyte. This does not have enough space to support and satisfy hundreds of tasks for existing users. As a result, Bitcoin transactions take a long time – even days – to be processed in some cases.n
nAs the size of the Bitcoin block chain continues to expand, the problem will only become more serious. The original Bitcoin design does not include a solution to this problem.n
nnSolution: Use another alternative block chain or isolate witnessn
nnFor Bitcover users, there are two main ways to solve the problem of the expansion of bitcoin.n
nThe first method is simple: they can choose another type of block chain, such as the ether square. Although the APF has its own expansion problem, these commitments are easier to solve without having to modify the core design of the platform. Similar to the “parallel transaction processing” and “block” this way can help the ether square to expand capacity.n
nIn addition, the size of the ether square community is not so serious, because the user base of the tower is almost certainly smaller than Bitco. The transaction costs of the Jiefangfang block chain have not yet become unacceptable.n
nAnother expansion solution supported in the Bitcoin community is known as “Isolation Witness” or “SegWit”. “SegWit can also help solve the scalability problem of Bitcoin, which will be removed by removing the signature data for each bit currency transaction and using the released data, which is considered to be a way to solve the reliability problem associated with Bitcoin transactions. Space to increase the size of Bitcoin blocks.n
nAccording to Segwit’s vision, it can be locked at any time, the block size will reach the theoretical maximum of 4 trillion, but in practice, most of the size of the block may be close to 2 trillion. Either way, Segwit will double the amount of bit-currency support transactions at least twice.n
nIt should be noted that the isolation witnesses the use of “side chains” like lightning networks. The side chains are independent of the main chain to handle transactions. They greatly increase the speed of the transaction, but they require non-block chain transactions in a centralized location by a third party, rather than in the scattered block chain to deal with.n
nThe SegWit solution received only limited support. The opponents raised two main reasons for opposing it. The first is to increase the size of the bitcoin in a fixed quantity, but this does not ultimately solve the problem of size. If the size of the bitcover is large enough, even if Segwit provides a larger block, it is not enough to support fast trades.n
nThe second reason against SegWit is that the side chains break the dispersion and anonymity of the main chain.n
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nExpansion of Media Block Chain Challengesn
nThe debate over whether and how to solve the problem of Bitcoin will have a unique impact on the future of the media block chain.n
nThis also means that companies that build their own media platform in the Bitcoin block chain need to make a choice: they can accept the current status of the Bitcoin block chain and the accompanying slow transactions, which will allow the entire community Accept a solution like SegWit, or turn to another block chain.n
nOther block chain media company sooner or later will make a similar decision. A platform like Mycelium is built on an etherchard rather than a bit of coins, and it does not face tremendous pressure like a bitcover-based block chain. However, as mentioned above, the APF can not completely solve the expansion problem. If the size of the tower is large enough, and there is no way to introduce innovative ways to expand capacity, then its trading speed may also slow down.n
nIn addition to increasing the size of the underlying block chain technology, Block Chain Media companies can also take other strategies to help mitigate the impact of block chain capacity issues. One solution is to use side chains, whether or not they strictly correspond to the main chain. As mentioned above, the side chain can greatly speed up the transaction. As the transaction itself, must be through a third party to run the central hub to carry out.n
nThere is also a way to build a business model for a block-chain media platform that does not depend on fast transactions. But this means that at the expense of real-time results of block-chain transactions. This may not be ideal, but for a media dealing with digital content ownership, it is more tolerant of transactions than the block-based payment system. In the latter case, real-time real-time results are prioritized; this is not always the right way in the media world.n
nFor Bitcoin and other block chains, expansion is a real challenge and it is unclear whether this can really be solved. Block chain media companies can not solve all the problems in the short term, but they will take the appropriate strategy to solve the expansion problem, to ensure that the ability to meet the gradual growth of the platform and the user asked the time to deal with the corresponding business.n

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