The TikTok ban and Donald Trump's rise to power show how fragile our social media accounts are. We must normalize and invest in decentralized social media.
Are they just putting everything on layer 1, and committing to low fees? If so, then it won’t remain decentralized once the blocks are so big that only businesses can download them.
It has adjustable block size and computational cost limits through miner voting, NiPoPoWs enable efficient light clients. Storage Rent cleans up old boxes every four years. Pruned (full) node using a UTXO Set Snapshot is already possible.
Plus you don’t need to bloat the L1, can be done off-chain and authenticated on-chain using highly efficient authenticated data structures.
https://docs.ergoplatform.com/eco/reputation-system/
Are they just putting everything on layer 1, and committing to low fees? If so, then it won’t remain decentralized once the blocks are so big that only businesses can download them.
It has adjustable block size and computational cost limits through miner voting, NiPoPoWs enable efficient light clients. Storage Rent cleans up old boxes every four years. Pruned (full) node using a UTXO Set Snapshot is already possible.
Plus you don’t need to bloat the L1, can be done off-chain and authenticated on-chain using highly efficient authenticated data structures.