We are not actually talking about Emma and what she is capable of as a programmer / coder expert , we are discussing the Blockchain technologies and the Ethereum capabilities verses other bLOCKCHAIN platforms that can handle scalability and decentralisation if bigger blocks of information over 10GB are used . Etheruem at this point in time cannot manage this so we need to make some architectural changes which will take a fair bit of time ( hopefully 12-18 months instead of 3-5 years) - two different things and considering we are only in early stages we dont want to expect too much too soon - as we are in development stage - exciting times !!
Existing blockchains, like Ethereum and Bitcoin in their current state, sacrifice scalability, while super big blocks, at the size of 10GB, would sacrifice decentralization,
Buterin says.
But ethereum aims to have all three without sacrificing either. One such way is through second layer solutions, like Plasma, Raiden, or the Lightning Network, however ethereum also aims to achieve the trilemma of decentralization, safety and scalability, all on-chain.
“The ethereum killer is ethereum, the ethereum of China is ethereum, the ethereum of Taiwan is ethereum… 2.0.”
That was the opening
statement of Vitalik Buterin, Ethereum’s inventor, at BeyondBlock in Taipei where he laid out a plan to reach Visa levels scalability within the next 3-5 years.
The main problems facing ethereum are privacy, safety and scalability, he said.
If our (Brontech) technology can transfer to other platforms then that would be good but at this point we dont know that and we are piggybacking off Ethereum created by our mate Buterin
it is expected this problem can be resolved but could take 3-5 years to rectify so it raises another point as to whether we can sign up banks and other companies who have multiple clients and may require a platform that has a much faster transaction speed than 15 per second to use our ID verification technology which sits on the Ethereum platform
Might be getting too deep lol
Cheers
