Presentation: Blockchain Data Growth, State Rent and Nervos Approach

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Problem Statement

What if for a one-time fee, you could store data indefinitely on a public database replicated on thousands of computers across the world? From a buyer’s perspective, this is a pretty good deal.

This is offered by today’s public blockchains. We are not talking about large amounts of data, but once a transaction is sent and the fee is paid, all blockchain nodes store this data indefinitely.

Though no compensation is provided to node operators, a robust network of decentralized nodes is essential for security, protecting the network as a whole from DoS or censorship attacks.

As the blockchain supports more users, the operating cost of a node grows, less nodes are run, and security is reduced. This is the classic ‘tragedy of the commons’: benefits to individuals reduce benefits to all.

In this presentation, we will discuss the problems caused by an ever-growing blockchain, currently proposed solutions in ETH 1.x and how this challenge addressed in Nervos.

Summary

TBD

Reading Materials

English:

Smart Contract Platforms Have to be Store of Value

Crypto-economic Design for a Preservation Focused Layer 1 Blockchain

Token Economics Design Whitepaper: Crypto-Economics of the Nervos Common Knowledge Base

Chinese:

加密经济系统就像国家财政,它才是公链战争的胜负手|对话Nervos

Slides

Deck File One: Blockchain Data Growth and State Rent

Deck File Two: Nervos Approach

Video

Blockchain Data Growth and State Rent

Nervos Approach

Project Details

Nervos: Layer1 for Layer2

Speaker

Matt Quinn

Matt has run blockchain educational meetups for the last 2+ years. As one of the founders of the Starfish community, he is focused on supporting people and open-source projects with informative blockchain events, outreach and writing.
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Kevin Wang

Co-founder of Nervos and Token-economics researcher

Co-founder of Launch School, an online developer education platform. Kevin comes from an engineering background and previously worked on enterprise data solutions at IBM Silicon Valley Lab.

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Event Photos

Event: 6/7 Crypto Friday Night With Happy Hour!(Closed)