The importance of non-custodial decentralized exchange
The latest exchange hack on Cryptopia highlights again the need for trustless non-custodial trading. However, DEXs are still at a primitive stage and the few that can claim to be fully decentralized are slow and clunky and many hybrids forfeit some degree of decentralization for better functionality. The right balance of function and decentralization is still being worked out but building a DEX on sidechain technology is the latest innovation towards that goal.
On-chain scaling is just too hard – so what comes next?
Blockchain scaling with second layer networks advances throughput, extends the capacity of blockchains and opens new use-cases
Ethereum scaling solution, Plasma, could facilitate ‘billions of transactions per second’
The architect known for conceptualizing the Lightning Network, an off-chain scaling solution for Bitcoin, has done it again. On August 8, Joseph Poon, and Ethereum’s Vitalik Buterin, published a white paper titled Plasma: Scalable Autonomous Smart Contracts. Poon first conceived the high-level construction for Plasma in mid-2014, before the Lightning Network paper was published, before Frontier was released on Ethereum, and when scaling on Bitcoin Talk was just a theoretical slow moving disaster.
