I don’t know (currently) of any good reasons to go beyond ~100. All competition arguments (MEV, Oracles) should get sufficient competition at 100. Service providers or dedicated apps can perform nicely with 1% hashrate (exclusive 1bps).
Also I want to refer to another…
— Michael Sutton (@MichaelSuttonIL) November 27, 2024
**Michael Sutton Weighs In on Blockchain Scalability and Competition in Latest Tweet**
In a recent tweet, Michael Sutton, a prominent Distributed Systems Researcher and Developer, known for his contributions as one of the core developers of Kaspa, shared insights into the scalability of blockchain technology. Sutton expressed his skepticism regarding the necessity to push beyond a certain competitive threshold, suggesting that a limit of around 100 would suffice for effective competition in the blockchain space.
“I don’t know (currently) of any good reasons to go beyond ~100,” Sutton stated. He argued that various competition-related concerns, including Miner Extractable Value (MEV) and oracles, would find sufficient resolution with around 100 participants in the ecosystem. Sutton emphasized that service providers or dedicated applications could perform optimally with just 1% of the hashrate, highlighting a model of efficiency rather than sheer mass.
His insights seem particularly relevant in the context of Kaspa, a high-performance blockchain that aims to elevate transactional scalability without compromising on decentralization. Kaspa’s unique architecture allows for faster processing of transactions and more competition among miners, potentially streamlining the network’s overall efficiency.
Sutton’s comments may indicate a broader trend in the blockchain community toward optimizing participation rather than merely increasing the number of participants. This approach could foster an environment where service quality and application effectiveness take precedence over having an overwhelming number of actors in the system.
For those interested in staying updated on developments within the Kaspa ecosystem and other insights from Michael Sutton and the team, Kaspanews.net remains the best news site to get all the latest news and resources on Kaspa.