Bitcoin transactions per second after segwit
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First virtual meeting took place on May 3 on Zoom during But we would love hearing their feedback on the below summary of the meeting. An audio recording of the meeting is also available here: The meeting started with a welcome from Walid and a brief introduction by each participant.
Due to time constraints, it was agreed that the last points on promotion, outreach efforts and any other business are to be left to the mailing list. Org Team member roles It was agreed to have the minute session composed of two segments, the first in the form of an interactive exercise game to demonstrate what blockchains are and how they works and the second focused on the connection between blockchain technology and Internet Governance.
Apart from running the practical hands-on game to show how the blockchain works, Walid expressed interest in raising points about standardisation and interoperability. Michael said he is interested to raise the point of the potential environmental effects of the wide spread of blockchains would cause in terms of storage use and bandwidth consumption.
Hanane indicated her willingness to bring up the fact that there is deficiency in research and literature when it comes to blockchain's connection to Internet governance and questions about control and power.
Anton said he would address any technical questions that could emerge. It was agreed to ask other organizing team members missing from the meeting to propose having a role. Format of educational session Introducing blockchains in a form of a game was thought to be a great way to engage the audience, including those who do not have a technical understanding of the technology.
It was agreed that moving from using beads to moving colored rubber bands would be more appropriate. Simplification of the game was seen as crucially important.
One way to simplify it is to limit the colors. That being said, it was agreed to try and avoid over-simplifcation and attempts should be made to stay true to the main general blockchain characteristics. Participants agreed that using a board with clear instructions would be necessary and timekeeping will be crucial. Equal weight was given to the learning experience through the game as well as the post-game session linking blockchain technology to IG. The organizing team had a rehearsal of the blockchain interactive game on May 20 and the below is a review of how the rehearsal went:.
Initial impressions were that the game was educational indeed since even Ken learned something new. The idea behind the game, as indicated in the call, is both educational and entertaining. While the rehearsal may have worked somewhat, there will be need for improvements. Walid suggested that the real thing with the props chocolates, board, etc. Please help with the language here: We could also perhaps just use the winner's ID and not the block number since it will be embedded in the design itself.
Kahoot was initially considered, but was abandoned since it will be inconsistent with the practical nature of the game. In other words, the question will be answered by writing a bunch of numbers on the white board just like we did in our chat yesterday using the message box.
It was agreed to open up the mining to anyone in the room but it will need to be a max number of 9 players including the miners. Arvin and Anton agreed to be the first miners to compete in getting the answers correct.
We'll emphasize that there will be need to be rather quick in decoding the transactions, getting the questions from the right set of questions colored based on the transaction selected. So they need to be caffeinated: Is blockchain decentralising finance like Internet decentralized communication? How can blockchain technology boost trust on the Internet? What challenges legal, technical, etc.
Hanane Boujemi via WebEx , Blockchain researcher. Despite the growing momentum and popularity of blockchain technology, there is need to clear some misunderstanding as some equate blockchains with Bitcoin. The engaging interactive game used in the session helped participants understand the basics of blockchains by simulating blockchain operations transaction, mining, block hashing, transaction fees and rewards. Blockchains operate on top of the Internet as decentralized and distributed systems that can bring new innovative startups to live.
There were concerns that governments may impose restrictions on these technologies, which could have drawbacks and discourage innovation in this area. There is a heated debate on the direction to take when it comes to blockchain regulation.
Since blockchain applications use transparent algorithms, they become self-regulatory and limit the need to trust intermediaries. However, finding regulatory frameworks for blockchains will take time and depends on the applications more than the technologies. It is recommended to develop blockchain standards for various applications since that will promote many positive use cases that could have a positive impact on society. However, blockchains so far do not have interoperability and while each blockchain does not require intermediaries to function, collectively, they lack standard methods to communicate with each other.
Due to the complexity of blockchains, a proposal was to build something like a DNS root server to sustain them. Another environmental concern was expressed by highlighting the need to limit that the enormous electricity consumption caused by the proof-of-work mining algorithms.
Then the following agenda items of the meeting were presented: Retrieved from " https: Navigation menu Personal tools Log in. Views Read View source View history. This page was last modified on 8 June , at