This is a 1.0.0 release, which doesn’t necessary mean full-immutable-final. If you have some comments, criticism or anything you would like to mention – this is your time!
Hi dear core Dev,I have some questions, can you answer them for me？If we use some big existing PoW based chains (such as Bitcoin or Ethereum) to reuse their burned work to maintain the stability of the child chain.What role does Aternity play in it? What is the relationship between this hyperchains and Aeternity? Can the hyperchains exist without Aeternity? Is Hyperchains a new project?
Hyperchains are strictly based on the existing Aeternity implementation - by launching your own hyperchain you instantly gain access to all existing features of the AE ecosystem - FATE VM, Sophia, Oracles, Smart Contracts, State Channels, Naming System, etc…
Previously you could do it but the security would be questionable as for your private network to be considered safe you would need to create an immense decentralized network of miners. Hyperchains provide you instant maturity and security of your network even with very limited resources.
The hyperchains concept could be applied to other networks as well but for now Aeternity is creating the first implementation based on the Aeternity node.
Also it is worth noting that the first hyperchains are going to be backed by the aeternity mainnet
Long live AE!!
you mean something like Komodo DPoW?
Komodo’s globally-distributed network of 64 community-elected Notary Nodes perform the technical work that dPoW requires.
In our solution we don’t need any additional stuff like “community-elected Notary Nodes”, etc. Hyperchains will allow to take the all benefits of any existing hash rate supplier as is, without any intermediary between.
So the answer is that is absolutely different and, no, he doesn’t mean something like Komodo DPoW
It looks like there is a resemblance between the two approaches but so does Bitcoin and Ethereum - they’re both crypto projects, right? The devil is in the details.
What the hyperchains white paper above describes is much more flexible and elegant, especially with regards of who produces the blocks, the entry barrier there is significantly lower and etc.
What I take back from Komodo project is that people need Hypoerchains
My question might be bit not relevant to the stage of the development of Hyperchain at the moment. So please pardon me .
Can you guys please throw some light on Token Economic model of Hyperchains. What have you thought about it.
Are we following any standard POS economic model. In the whitepaper I could not understand this (I am very new to the POS systems). But I tried to run a POS validator node myself and see if its economically possible to pay the rent of the servers at least from the delegations.
My test was on Harmony network. Currently with 600 nodes only the staking value is 6000,000 coins. Which is nearly USDT 41656. to get elected. I feel this is not optimal.
I will do the same exercise with Tezos and Polkadot. and come back with exact cost.
What I want to bring attention is that , If in Hyperchains the initial cost of election is comparatively low we can attract more node operators. I do understand that if the Value is low more chances of the node operator to become malicious actors. But I think with POS+POW combo we could be safe somehow.
Let me know your thoughts guys. Sorry If I am asking dumb question. But I am just telling from customer pain-point.