1000 Machines, 0 Blockchain? Scalability NIGHTMARE!
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About this video
Explore the complexities of blockchain scalability! This video uses a concrete example to illustrate the challenges of maintaining agreement and security across a network of 1000+ machines. Learn about the difficulties of achieving consensus and the security risks involved in large-scale blockchain systems. #BlockchainScalability ##Blockchain ##Scalability ##Decentralization ##Security ##Consensus ##Cryptography ##DistributedSystems ##BlockchainTechnology ##Web3 ##Technology #NEARprotocol
Transcript
168 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
let say now you have 1,000 machines now the difficulty becomes like how how do you make sure like those 1,000 machines can actually agree on what the result um of the computations are and and what the actual state of the blockchain is right so like you know fundamentally what those no what those machines trying to do collectively together is to agree on what the state of the blockchain is and continuously updating the state and and
- 0:25
and always in agreement on what the state of the broing is um and that's where the the difficulty comes in right because you by adding those 1,000 notes you're you're not in increasing the throughput or increasing the the performance scalability and you are actually making things worse right you're you're because they they need to find some way to agree with each other and this this process is actually very complex and eror prone and that's where the security concern comes in right so
- 0:57
you in blockchain