Blockchain was largely mistaken for cryptocurrencies for the first five years of the current decade because the most popular application of Blockchain is Bitcoin. It wasn’t until Ethereum implemented Smart Contracts in 2015 that people started to seriously explore other practical applications of Blockchain beyond cryptocurrencies. A Blockchain is essentially an operating system on which developers can build applications that run without a centralized server.
However, computation processing constraints have largely prevented most decentralized applications (dApps) from moving the needle significantly for the mass-market adoption of Blockchain. LiquidApps has thrown its hat in the ring to solve the scalability challenge of Blockchains with the launch of a distributed computing solution called vCPU which is being tested out in a real-world desktop implementation called LiquidChess.
Then follow us on Google News!
Scaling blockchains vertically is a trilemma
Blockchain technology has incredible disruptive potential but it still lags legacy technology in terms of scalability. The scalability challenge of Blockchain often requires trade-offs on speed, security, decentralization, and scalability. Most of the Blockchains in the market can only boast of two features – scalable and decentralized but not secured; secure and scalable, but not decentralized, secure and decentralized, but not scalable.
Every blockchain has limits on the computation resources that it can apply to each network action. This limitation might be reflected as a hard execution time limit, the limit on nested actions or some other type of constraints. Ethereum, the mother of dApps experienced first-hand how the limitations of computational resources could grind network operations to a halt at the height of the CryptoKitties fervor. EOS has also had its fair share of scalability challenges – until the arrival of LiquidApps.
There have been various attempts to scale Blockchains vertically over the last few years – such attempts include the use of validation nodes to increase network capacity. However, such solutions bring the conversation back to the scalability trilemma because asking for more validating nodes raises the barrier to entry for new block producers and miners while effectively keeping the network pseudo-centralized in the hands of a few miners.
Borrowing wisdom from the past
Historically, traditional computing has been delivering processing power at scale by using parallel computing. A casual glance at the traditional CPU will show you a multi-threading architecture that allows the computer to split a single task into multiple threads running concurrently.
LiquidApps has repurposed the traditional idea of horizontal computing to solve the scalability challenge on EOS with the release of its vCPU. vCPU leverages the network of DAPP Service Providers (DSPs) to scale the computing resources available to Blockchains locally to exponentially increase the computing power per action available to native Blockchains.
Whereas most of the scalability proposals for base layer networks tend to require the staking of tokens or increasing CPU costs; vCPU is leveraging the fact that DSPs are second layer operators that could handle some network computations in parallel because they are already running full Blockchain nodes.
Some of the functions powered by vCPU include reading on-chain requests, running computation, and returning results that are compared and/or verified on-chain by the requesting dApp. In addition, the vCPU records every service request as a transaction in the chain history to ensure transparency in access to data feeds from across the web and the return of the results to the requesting dApp.
LiquidChess suggests that vCPU might be a viable solution
LiquidChess is a vCPU implementation that allows players to engage in a desktop chess game in player-to-player mode or player-to-AI mode. AI-powered chess has been an industry yardstick for measuring the intensity of computational tasks since the historical defeat of Gary Kasparov by IBM’s Deep Blue. Every move is facilitated and stored on the Blockchain through DSPs without placing a burden on the computational resources at the base layer.
Future iterations of LiquidChess are expected to have functionalities that allow AI VS AI games as machine learning enthusiasts pit their algorithms against one another is probably fair chess games.
In the final analysis, vCPU could be the lynchpin for facilitating decentralized trust and transparency at scale by providing access to computational resources without sacrificing speed, for decentralization, or security.
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise