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Blockchain
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Holochain
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| Hash-chain approach
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Data-centric, a single global dataset-one shared reality across all nodes. |
Agent-centric, allows nodes to act independently, or in tight coordination only with counterparties, and then share independently evolving data realities that come to agreement over time.
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| Energy Use
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Bitcoin consumes more than 0.1% of the world’s electricity to powerless than 0.0001% of the world’s money.
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Since no mining is required, no specialized processors are needed, making it feasible to run full nodes on low-power computers or cellphones.
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| Transaction Volume
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Neo currently processes +1000 transactions per second. Bitcoin and Ethereum considerably less at a handful per second.
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Expected to surpass financial exchange backbones like the Visa network, with a max of 56,000 transactions per second.
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| Scalability
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Even ignoring proof-of-work, there are serious scalability limits on synchronizing a global ledger across many nodes.
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With a sharded DHT, the transaction load per node gets lighter as the network grows.
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| Platform
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Can now only run effectively with special mining rigs or wasteful staking algorithms.
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Can run on a Raspberry Pi or a mobile phone.
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| Computational efficiency of architecture (not 1 machine)
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O(n*m) for validating transactions on blockchain as a whole distributed architecture.
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O(n/m*logm) for validating transactions.
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| Consensus Effects
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Core consensus algorithms centralize power (make the rich richer). Proof-of-Work results in infinitely growing computational over head for finite dataset.
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No mining or staking. No consensus. Not vulnerable to majority attacks. You only have to trust the code on your own node and can validate counterparty’s history directly.
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