HiveFest: Core Development

As most are aware, HiveFest is taking place now. We see many presentations focusing upon development and the future focus of Hive.

Yesterday's activities kicked off with the core development team, represented by @howo and @blocktrades. This was one of the most important presentations in my view simply because it deals with the base layer. Since that affects everything on top of it, we can logically see how massive improvements there translate to everything else.

It is interesting that we got The Merge this week from Ethereum. This upgrade switched that blockchain from the Proof-of-Work (Pow) to Proof-of-Stake (PoS) consensus mechanism. The primaty goal is to allow more transactions. We know that PoW has limitations when it comes to on-chain transactions. The switch should allow Ethereum to scale a great deal more.

Once again, we see an area where Hive excels. This is going unnoticed since the traffic is not present at this time. However, it is vital to note that we are seeing massive progress in this area.

This is a vital point going forward.

image.png

Half The Size

According to Howo, the blockchain is now somewhere around 700 GBs. This is starting to become a problem because this requires larger servers to run on. Naturally, it is a situation that translates into more money. In short, it makes the blockchain more expensive to run.

One of the major steps with the next hard fork is to reduce this by 50%. That means this can be run on smaller nodes, helping to reduce the financial commitment a great deal.

While a 50% reduction might not seem like a lot, if we apply some numbers to it, we can see how massive a change this is.

For the sake of discussion, let us say the size of the data grows by 50 GB per year. So, without this move, in one year, the total would be 750 GB. Now, if the drop back is to 350 GB, we effectively have 7 years before we get back to where we are today.

This is a major step forward.

Again, the numbers might not be correct but you get the point. The key here is to keep buying time. In the technology world, 5 years can see massive changes. It is impossible to know what compression, storage, or data structure techniques will be available at that time. We know the industry keeps addressing this problem since all companies that house data are confronted with the same issue.

This move is also vital for decentralization. If nodes cost thousands of dollars per month, very few people will be able to afford that. By continually working on reducing the size of the chain in terms of the size of the data, we open up the door for more people to run nodes.

Web 2.0 Speed

Another interesting idea that was put out refers to the One Block Irreversibility. We won't go into a full discussion on it since the link here describes what is taking place.

To give a quick summation, at present, it takes about 45 seconds from a block to become irreversible. This means applications have to wait that time before some transactions are fully settled. While this often happens on the back end, it can cause problems at times.

This is not going to be the case any longer. When the next hard fork is complete, we will see the OBI drop to under 1 second. As we can see, this is a huge improvement.

Essentially, we are bringing the speed of Web 2.0 to Web 3.0.

So while Ethereum is trying to switch to a faster consensus model, Hive is plugging along trying to scale up even more.

HAF - Getting Off Base Layer

The standard that Hive operates from is to have as little on the base layer as possible. More is being moved to layer 2 in an effort to maximize efficiency.

One of the big developments is the Hive Application Framework. This is a solution that is going to make application development much easier on Hive.

Again, without going into all the details, there are a few points that should be stressed:

  • developers can build without blockchain knowledge. They can create in whatever languages (code) they prefer.

  • optimization of HAF comes from server based technology. This is around for decades so any future optimization will come from the same solutions major data centers are employing.

  • HAF updated by blockchain developers; applications developers only have to tie into the HAF for the data.

Another benefit applies to the API nodes. A lot of the calls will be eliminated since that will come from the HAF. Things such as account history are built on HAF, meaning there will be less traffic on the API servers in this area.

No More 3 Second Voting

This was something that I had not heard announcement. Evidently, the 3 second wait time between votes is going away.

At present, if you upvote someone, say a comment, and immediately move to upvote the next one, the blockchain provides an error message. This is against the rules.

That will not be the case post hard fork. The feature is being removed so people will be able to vote as quickly as they can click their mouse.

The rule of 3 second voting never made much sense. If one has an allotment of votes each day, who cares how quickly they burn through them. That is up to the individual.

Whatever the reasoning, this is will not be a part of Hive much longer.

Bringing A Ferrari To The Race

Hive is in the process of lapping the field. When it comes to scaling, it is hard to see how others can match it. We are basically looking at bringing a Ferrari to a race where everyone else is driving Toyota Corollas.

While it is true that the best technology does not always win, we can see how important scaling is. Again, we just went through months (years) of watching Ethereum make the switch to PoS. This was done primarily for scaling reasons. Yet, in spite of all that effort, they still do not have much of what Hive is offering once this hard fork goes through.

At present, Splinterlands provides most of the traffic on Hive. The goal with all the development is to be able to handle a dozen Splinterlands. That is something that we do not see around the blockchain world.

Ethereum was bogged down by one game. This caused a half-decade quest to ensure it doesn't happen again. Hive is working to make sure a few dozen successful applications doesn't lock up the network.

The development just keeps racing ahead.

By the way, the hard fork is tentatively scheduled for Oct. 11th.


If you found this article informative, please give an upvote and rehive.

gif by @doze

screen_vision2025_1.png

logo by @st8z

Posted Using LeoFinance Beta



0
0
0.000
29 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 123 of my contest just started...you can now check the winners of the previous week!
13

0
0
0.000
avatar

Yeah lot will be participating

0
0
0.000
avatar

!PGM
!PIZZA
!hivebits
!CTP

0
0
0.000
avatar

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @torran

remaining commands 7

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


0
0
0.000
avatar

I was curious about the date. Oct. 11th is less than a month away.

0
0
0.000
avatar

That is what Howo said the tentative date is. They are in testing now so if all goes well, that will be the date. But it is subject to change if there are some issues found.

Posted Using LeoFinance Beta

0
0
0.000
avatar

There’s definitely a lot to look forward to when it comes to scaling. I still think of your analogy in recent weeks where hive ends up being more of a Monaco than a China in terms of mass adoption. If we can get a bigger core user base but not necessarily millions or billions of people on it, I think we have a good chance of having a lot of success in the future.

0
0
0.000
avatar

I have a feeling we will end up with more people eventually on Hive than most are thinking. We are seeing some really cool projects shaping up.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Evidently, the 3 second wait time between votes is going away.

Thank goodness, this is very relatable because I experience it a lot. Am glad we are getting rid of it so I can stop counting to 3 before my next upvote.

Thanks for bringing the developments updates to us, 11th of October, I have been wondering when is the HF good to know now.

A lot of reasons to be excited about Hive.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 430000 upvotes.
Your next target is to reach 440000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

HiveFest⁷ Meetings Contest
HiveFest⁷ - Participate in the Balls of Steel tournament and get a new badge
New badge - LEO Power Up Day - September 15, 2022
0
0
0.000
avatar

What is the actual average Transactions per second Hive Blockchain handle on a daily basis at the moment??

How do you see BTC vis-a-vis ETH in the context of climate change rhetoric and a pledge from the Global leaders to act whatever it takes as we get closer to 2050, decarbonization and renewable energy take center stage, and even it becomes a necessity for every sector, every common man, how would that impact the demand for Bitcoin with its PoW mechanism?

0
0
0.000
avatar

The blocks are three seconds but the settlement, ie block irreversibility, is about 45 seconds. So having it all in under 4 seconds (3 for the block and under one to irreversibility).

I think BTC will keep getting attacks but there is no body to attack. They can talk down Bitcoin all they want but what do you do?

I have a feeling as things get worse economically, if we are in for a rough stretch, that talk will dispel.
ETH and Hive will end up being more akin to multinationals since they will end up with applications generating revenues and providing solutions.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The Hivefest is really cementing Hive's position in the web3.0 frontier and it is nice to see the new additions and developments to the Hive blockchain, and it is sincerely exciting. Thanks for bringing the Hivefest to us!

0
0
0.000
avatar

It is interesting to see what is being developed behind the scenes. A lot of things happening which do not get a lot of attention.

Posted Using LeoFinance Beta

0
0
0.000
avatar

As we grow the Hive blockchain will need more optimizations and infusions of new technology. Data compression should become a de facto when storing blockchain blocks and also when exchanging data, this way will shrink the size and lower the bandwidth. Not sure if it is done this way, but if not I believe this will help.

Posted Using LeoFinance Beta

0
0
0.000
avatar

With Blocktrades around, we can count on scaling being at the forefront of all that is done.

That is his mindset. So if there is a way to optimize something, he will have his team attack it.

Posted Using LeoFinance Beta

0
0
0.000
avatar

It is interesting how the entire Hive team works hard to achieve the best development of it. I look forward to this coming October 11 to see all the updates they have been working on

0
0
0.000
avatar

This is not a hard fork that is rich in features for users. A lot of it is infrastructure stuff.

The HAF is going to be interesting to see and how it affects things. It has a lot of potential.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Hive just keeps getting better. Thanks to the devs who are working to get it to where it will shine even more. Was able to watch the stream until the HAF but missed on the others. I like the Ferrari thingy😁

Posted Using LeoFinance Beta

0
0
0.000
avatar

it is great that no we have to not wait for 3 second,, i love to use my hp to curating, but some time 3 second made me, so sad,, that is great,, no time in voting ,,,

0
0
0.000
avatar

after we get rid of the 3 second rule for upvotes, I hope people will be more willing to upvote comments left right and center because it won't take as much time

0
0
0.000
avatar

It's nice to know an actual date for the changes but how will they cut down on the data? It's not like the old data can go away as other people can also query that data or will it be compressed and retrieved only when people ask for it?

Posted Using LeoFinance Beta

0
0
0.000
avatar

hello very good information, as it puts us in the current context with respect to the challenges that we have in the future, I really love it, at the same time that motivates me to learn more about blockchain technology, but that's another topic.

I want to know if there was any discussion regarding downvotes, I think that at the community level it is a very important point to address.

Thank you very much for your contribution and greetings.

0
0
0.000