Posts

Interoperability will help broaden the decentralization and utilization of blockchains

avatar of @badbitch
25
@badbitch
·
·
0 views
·
3 min read

The easiest way to gain total decentralization in any ecosystem is to ensure that the environment specifically allows people to be whatever they want, so we're looking at something widely customizable and flexible.

When the environment is designed to allow people to choose their reality, what they do, what they get involved with and what they don't, it gets increasingly easier to attain network wide decentralization as the base layer benefits ultimately from this.

Hive, a blockchain, a void space

Sometimes I wonder whether crypto investors ever sit to carefully assess their choices when it comes to the focus network for building because actually, one should realize the rigidity in plain sight. When you look at bitcoin, fine, the security is there but other than that, that's a widely rigid ecosystem and then, you move onto Ethereum, you discover that there's no way in hell to build anything sustainable with this when the weirdly high cost of operations has to be footed either by you or your users.

Well, I guess we can always look at some layer 2 networks, but block finality is still a thing and the parent chain still plays a significant role. But when you look at networks like Hive, you're not looking at something that intends to force you into leveraging what matters extremely less for you, but instead, you're hit with something that allows you create your own reality, Hive is everything you want it to be, the void design is a picture perfect capture of what is needed for wide scalability of a blockchain network, hence

Breakout communities is Hive's greatest tool yet

Communities are essentially where Hive has attained grandsize scalability, this is from the angle of experienced growth which has only been from distinctive yet collective expansion. The ability to break out pieces of an ecosystem and leverage tokenization technology to build a whole new economy is one of the things about Hive that is largely underrated and it is frankly one of the reasons it is a huge success.

People are naturally built to have different interests, when an ecosystem permits creating some parties to exercise the ability to start communities in different focus areas, that network essentially becomes the ultimate building environment. With Hive, this is what we have, a decentralized base layer network with high security, allowing the break off of users and the ability to build new token economies whilst keeping the cost extremely low on both the builders and the users. But then again, break out communities are not specifically the reason we're talking about Hive, but the simple key system that comes with it.

One account, numerous interoperable DApps

Not everyone stops to realize that what we've managed to build on the Hive economy is literally one of the most interoperable frameworks in the cryptocurrency industry. There's one account, a simple human readable name, not some bunch of strings that someone can't remember on the fly. Added to this, we have a rather unique and simple key system to get along with, I mean, call it weird but when I look at Hive's key system, all I see is "Read and Write, Read, Write and Execute, Read, Write, Execute and Rewrite". Well, typically, we're given diverse ways to handle operations on-chain in a way that we can ensure absolute security at all times.

Then again, when you look at Hive's unique communication system and the ability to integrate hive seamlessly with sublayers, we simply watch interoperability manifest. Although, not in its finest form, this has been a huge factor in Hive's ability to expand because nobody simply needs to have to manage different accounts across that many applications, it simply complicates things. So the ability to deploy frameworks that allows us to work with one single account and key systems, the more we can largely expand as though what comes with wide flexibility is increased involvement.

In a very raw position, we've seen interoperability play out great for Hive, the more that can expand from Hive to other blockchain networks, the easiest it will be to widen the governance distribution.

Posted Using LeoFinance Beta