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RE: Sustainability in Crypto
Blockchain is also built on the assumption that storage would become cheaper and cheaper (for the ever growing blockchain size), connection would be faster and faster (to handle the bigger TX volume).
And with example of ETH, layer2 to take the load off the baseline and similar with HIVE.
At some point, do we need to make the decision to permanent prune “useless” old data? We may be far away, but if the next bull market or the ones after, if we suddenly gained massive adoption, the current parameters may no longer work.
0.00111907 BEE
Very good observations and yes, that's the premises from which blockchains start. That there will be evolutions both at the software and at the hardware level to make it sustainable for a longer period.
Keeping the base layer light and moving more and more on the 2nd layers and sidechains will also help.
There was a discussion on the former chain to prune the blockchain. The decision was to not go ahead with it at that time, but the time may come when such a decision may be on the table again.
Would you be “sad” if your old records that were supposed to live on the blockchain forever got pruned?
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