[Ethereum] Fwd: Qs from Vienna meetup

[Alexander Hirner]

Begin forwarded message:

> From: Mihai Alisie <mihai at ethereum.org>
> Subject: Re: Qs from Vienna meetup
> Date: 17. April 2014 15:54:48 MESZ
> To: Alexander Hirner <a.hirner at gmail.com>
> 
> 
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> 
> Hi Alexander,
> 
> Sorry for taking so long to get back to you, here are the answers to
> your questions.
> 
> 1) Answer by Gavin Wood
> 
> Fastest blockchain transaction confirmation times are 1 per minute.
> 
> Highest /theoretical/ transaction frequency should be initially around
> 50000/minute.
> 
> For faster confirmations, we'll need to use a secondary mechanism.
> Simplest is to have a contract or thirdparty (or group thereof)
> collecting and confirming sub-1-minute transactions and holding a
> certain amount of ether of the transactors on the blockchain as float.
> A contract could feasibly confirm the set of transactions and
> consolidate the funds over the blockchain at a later stage (e.g. the
> next minute, the end of the trading day...).
> 
> 2) Vitalik wrote a piece specifically about this on Bitcoin Magazine's
> website:
> 
> http://bitcoinmagazine.com/12349/side-chains-challenges-potential/
> 
> As for the subquestion, we're actively looking at a few potential
> solutions for this challenge but haven't implemented one yet.
> 
> Hope this helps!
> 
> All the best,
> Mihai
> 
> 
> On 14/04/14 00:57, Alexander Hirner wrote:
>> Hi Mihai!
>> 
>> I would like to forward you the partly outstanding questions. Brief
> and concise (if those things go together :) answers very much appreciated.
>> 
>> 1) What is the highest on-blockchain transaction frequency (TPS) we
> will see on Ethereum 1.0?
>> Would, and if yes, how would interaction with something like OT allow
> high frequency processing on a quasi trustless basis?
>> 
>> 2) Please point us to the most pregnant info about sidechain
> technology there is. What are the implications for Ethereum, given that
> the functionality claims of sidechains are fulfilled?
>> Sub question: What other bridging tech for inter-blockchain transfer
> will be valuable? I think I’ve heard somewhere, that a BTC <-> ETH
> bridging solution was discussed in Amsterdam.
>> 
>> 
>> - Alexander Hirner -
>> mobil:  0680 3266 858 (AUT)
>> e-mail: a.hirner at gmail.com
>> 
>> 
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