Ethereum update: Why Plasma is not a Reasonable Scaling Solution
Plasma is certainly *a* scaling solution, but it falls apart as a *reasonable* scaling solution for the fact that it depends on sidechains. PoW sidechains can be 51% attacked and PoS sidechains face black markets for their tokens, leading to cartel attacks. The only other option (that is currently in use and functioning well) is PoA, which requires staking one’s identity to prevent attacks (this is what was done to prevent attacks on Kovan and Rinkeby).
Given that a lot of decentralized applications in this space relate to gambling, I would assume that most people would not want their identities tied to their ethereum addresses. I may be completely wrong here, would love to hear reasons why.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: eolszewski
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