Blockchain scalability addressed in Vietnam

During Vietnam Blockchain Week (March, 7-8) in Ho Chi Minh city Achain startup suggested an approach towards the issue
12 March 2018   216

The two-day event attracted thousands blockchain enthusiasts from all over the world. One of the most delicate issues of the technology - its scalability, was the point of interest of a special panel during the event. It is reported the panel discussion was the most heated of all.

A public blockchain Achain has come to Vietnam with actual suggestions. First of all, it has designed a new consensus algorithm - Result DPoS. It inherited the benefits of the acclaimed DPoS algorithm, but brings optimization of block generation and delegated nodes, and increases the speed of reaching the consensus among the delegates. This results in a faster Transaction Process System at Achain.

The second proposal is a so called 'forking theory'. Basically, the concept assumes a parallel system of forks cooperating as a unified system that achieves processing goals in reaction to real-world events individually.

We are trying to build a blockchain network by forking to create different functional forks or 'sub-chains' that will improve performance and create new application scenarios. Overall, we believe this is a great solution to blockchain scalability issues.


Kyle Lu

Partner & VP, Achain

Looking at Achain's counterparts in question (Lightning Network, Sharding, etc), they're also trying to increase capacity and performance of the platform by searching for a technical breakthrough.

7 Accounts blocked by EOS BP without Going an Arbitration

EOS is facing another issue just days after its mainnet activation, as the newly elected block producers have frozen 7 EOS accounts on suspicion of being stolen
19 June 2018   48

The backlash began as the block producers did go over arbitration, an integral part of the EOS’s governance system. The critics are certainly questioning the credibility of the project. Jackson Palmer, the creator of Dogecoin and a well-known person in the blockchain industry, questioned the very governance process constructed by EOS and the role of EOS Core Arbitration Forum (ECAF).

The structure of EOS’s governance has been parted into 3 distinct groups - block producers, arbiters, and token holders. This separation resembles the executive, constituency, and judicial, of any governed system respectively. 

On 17 June 2018, the top 21 Block Producers unanimously agreed to protect property that may have been compromised through phishing attacks or other scams where member’s private keys were compromised. The EOS911 initiative was created by EOS42 as a way to prevent victims of private key theft from having their tokens lost once the 72-hour unstacking period ended following the EOS Mainnet Launch. Once that period ended, the thieves would be free to transfer the tokens wherever they’d like, rendering futile any recourse available to the community at this time.
EOS New York, in their recent post

So, in this case, the block producers did not go with the arbitration, rather they only conferred with them. Then the post added:

Foreseeing the process that would be required to act, EOS New York, on a call with BPs and BPCs, requested an expedited review of the merits of the case from ECAF (EOS Core Arbitration Forum) who was also on the call. The idea was that if ECAF found merit in the evidence provided, a formal ruling from ECAF would ask the BPs to “freeze” the accounts in question until such time that a thorough and formal review of the claims could be completed.
EOS New York, in their recent post

This is not the first problem EOS is facing amid its mainnet activation, as within 48 hours of that, the network suspended because of some bug. Though the error only led to a 5-hour network blackout, that is surely not something the team would have expected.