W3C home > Mailing lists > Public > public-blockchain@w3.org > September 2016

Re: Can we use the Web to scale the block chain?

From: Melvin Carvalho <melvincarvalho@gmail.com>
Date: Mon, 26 Sep 2016 17:19:22 +0200
Message-ID: <CAKaEYhL380TTACf-NDgRf70tiX+hgyDKG+4tJZBtB56ifn7H1g@mail.gmail.com>
To: Mountie Lee <mountie@paygate.net>
Cc: Blockchain CG <public-blockchain@w3.org>
On 26 September 2016 at 17:08, Mountie Lee <mountie@paygate.net> wrote:

> I have similar thinking.
>
> "blocks over WebRTC" will have some possibilities.
> and a combination of light weight clients with merkle tree verification
> will increase possibilities.
>
> this will solve scalability issue of blockchain.
>
> and here is the only point to discuss web and blockchain.
>

I believe webcoin does blocks over webRTC + verification already :
https://github.com/mappum/webcoin


>
> regards
> mountie
>
> 2016년 9월 26일 (월) 오후 10:25, Melvin Carvalho <melvincarvalho@gmail.com>님이
> 작성:
>
>> Both the web and the block chain have have been technological phenomena
>> in recent years, for differing reasons.
>>
>> The block chain has enabled new use cases and opened the imagination of a
>> large community as to what is possible in finance and other areas.  It has
>> also created the biggest distributed computing project in history.
>>
>> The web has become the de facto discourse of humanity and has achieved
>> truly massive scale, storage capacity and bandwidth.
>>
>> However, the block chain (particularly bitcoin block chain), while being
>> excellent at P2P payments, lacks a scaling infrastructure.
>>
>> Meanwhile the web, which is excellent at scaling, lacks P2P payments.
>> The web (and the generalization, REST) has a very rare property in
>> engineering in that as it gets bigger it just continues to scale better.
>> The vast majority of systems done have this property.
>>
>> What I propose for this group is to create a marriage made in heaven.
>>
>> To take the best properties of the web, and the best properties of the
>> block chain, and merge them into a complete system.  Additionally, the
>> system will allow backwards compatibility with existing block chains so
>> that web infrastructure can start to bear the load on scaling existing
>> block chains.
>>
>> I would be willing to work on this with group members here, and implement
>> the recommendations into a real world crypto currency, as proof of concept
>> for scalability, and also do stress testing.  If successful, a
>> specification could be delivered that could be used by bitcoin and other
>> alts that anticipate hitting scalability boundaries.
>>
>> There is great precidents of the web bootstrapping other protocols,
>> perhaps most commonly, with webmail / email and also being able to bring
>> new features to that paradigm that would not work so well in reverse.
>>
>> The way I envision this is to create a hybrid system where blocks can
>> live in a decentralized database in the file system but also on a web file
>> system.  The protocols can be used over a P2P network but also over HTTP,
>> which most devices talk.  The mining algorithms can be applied both to a
>> compact database and structured data on the web.
>>
>> On top of this can be workflows for both on block transactions, off block
>> transactions, and inter block transactions. Again all facilitated by the
>> web.
>>
>> Do any others in this group (also) think it can be done?  If so I'd love
>> to collaborate and come up with a solution which Im prepared to implement
>> into the existing crypto currency eco system ...
>>
>
Received on Monday, 26 September 2016 15:19:51 UTC

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