The time has finally arrived for another upgrade to Leofinance.
While this is not in the shiny, sexy category like the highly awaited microblogging feature that we expect to be added to Leofinance in the near future, this is a very important moment in the transformation of Leofinance.
We all love what is taking place here. However, Leofinance, for all its success, runs like my grandmother drives (and she has been dead for 24 years). It is slow as you know what.
This is the price we pay for being a Web 3.0 service. The technology is in its infancy. Part of being an early adopter means that one deals with some weaknesses to start.
After all, when it comes to technology, the first versions are expensive, slow, and with few features. This improves over time as more updates are rolled out. Things start to improve until they appeal to a larger audience.
It is a path that Leofinance took the past year. Now it is time to put grandma to rest and hop in the express lane.
We all know this is the type of stuff that bores the average non-technical person. However, look at that rate of comparison. A post that presently takes more than 10 seconds to complete is done in under 1 second with the Lightning Layer. This is a massive increase in performance.
Of course, the commenting army is well aware of how irritating this can be. There is nothing worse than placing a comment then trying to respond to someone else only to have the entire screen move as the first comment is completed.
This will no longer be a problem.
However, this is only the beginning. This is all part of a larger concept designed to assist in the ongoing bridge between Web 2.0 and 3.0.
The new motto is Web 3.0 with the speed of Web 2.0.
One of the drawbacks to the blockchain world is that connecting to it slows things down a great deal. We have 3 second transaction time, which in this world is fairly impressive. In the server world, however, that is like a tortoise. People simply do not want to wait for things to load.
While this is being applied to Leofinance to start, think of all the other aspect of the ecosystem that it will eventually be applied to.
Consider, for a moment, Leodex. Traders want to operate as quickly as they can. The time it takes for a transaction to go through is vital. Even it is still transacting in the background, they do not want their screens tied up for even a nanosecond longer than it has to be.
Also, let us picture some of the other ideas surrounding LeoInfra. What is there are applications that allow people to "apply for stuff". When one hits submit, instant approval, or denial, is expected. Once again, people go bonkers about having to wait for any amount of time.
This tweet sums up the vision. It is interesting that Twitter was named in there considering we are eagerly awaiting the microblogging feature. Does anyone think that Twitter would have the activity it does if it took 10 seconds for a tweet to go through?
Infrastructure is typically boring, nerdy, and disinteresting. However, it is vitally important to the performance of a project. In this situation, it is good that the Leo team is addressing what is taking place with the platform. Slow load times is a quick way to kill a site.
In the next few days, it looks like we are all in for an upgrade.
Exciting times.
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Nice, this only applies to the Leofinance website and not the other sites such as peakd or ecency right? So it will still take time to broadcast to the entire HIVE blockchain but it will load up faster on Leofinance.
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Correct. It is only on the Leo platform. For now Leofinance, others likely to follow in the future.
It has nothing to do with the blockchain, that still operates the same as always. There is a cache when this is released.
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Couldn't help but think of DCity here but mainly because there's no roads and bridges there.
This new update sounds like a major one. Although I love to practice patience, speed can really make a difference.
Cheers!
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This is what drives me pouring more $$$ into LEO !
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A wise investment to say the least. Cant argue with adding more to the bags.
We are not even close to the major price explosion we are likely to see.
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Indeed, this innovation would redefine engagement on Hive blockchain via LeoFinance. THis is just the beginning of another pomped phase to this unique project. I'm already spreading the news that we have "a Decentralized Twitter on Hive"
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Its too much of technical and I could not understand all. What I understood is that time for posting and comments etc will take very less time. If I got it right the its amazing and will save lots of time. cool update.
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This is exactly what came to my mind when I heard about lightning DB .
It's 100x more frustrating for traders to wait than authors and commentors and now they will be the major beneficiaries of this.
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Traders want things done quickly. They want to hit the button and move on. That is something that Hive Engine/Leodex suffers from. That all will be changing in the future I surmise.
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275 comments a week x 10 seconds = 2750s x 52 weeks = around 40h per year !
Now you can admit you have been pushing the devs hard to bring this to Leo with priority ;)
Very good news for the tribe, it might not get more people here directly but the ones who joined won't leave because of the lack of speed.
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Multiply this by SEVEN. (280h ?)
Why?
Because some manage to put 275 comments in a day, not during whole week.
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275 a day ? That’s madness haha.
That’s actually 1 comment every 5 minutes assuming you don’t sleep (technically you can have micro nap between 2 comments :D)
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That would be a record without a bot. That is some typing.
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You're really ding great. Yourself and @Taskmaster4450 are giving a whole lot of meaning to the Lightning DB layer of LeoFinance
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Yeah I se you are always available for leofinance users and newcomers
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It will really help the performance of the chain and I hope the comments will increase.
I can see why people get frustrated at things.
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I've not been complaining about the speed although it hasn't been the best. However as you say, when it comes to financial transactions, time matters a lot, every second counts.
I'm always amazed how fast the dev team is working and how many new, much needed features are implemented in a short period of time.
Microblogging will bring a lot of new users, we can't afford to disappoint them from the start.
Congratulations to the team!
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Performance is what users judge applications by. Most of us tolerated what took place here but that is not what we will have to do anymore.
Soon we will have faster features which is a bonus.
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You are right, however, old users know what's going on and can wait patiently till things are done.
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Yeah waiting on comments to post gets frustrating.. plus it gives me time to get distracted by something else
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I get frustrated when I start to leave a comment and my screen moves because the last comment is loading.
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Each new upgrade is a step forward in the history of this community.
Well done, LEO team!
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I found it really informative. Thanks. I am already noticing the changes already as lots of people have started dropping comments on my posts and it took me lesser time to reply them all
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Add more words to the reply and it will take you more time. LOL
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Lol. I will do that. 🌚
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Well it's becoming fast and better and I am looking forward to it and when are they gonna add microblogging option?
Dont know about microblogging. This was a priority because they need the speed.
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This is a very interesting caching layer.
I have been waiting to see it in action.
Very big day for all of us.
Unless it is fake news, it looks like it is a lot quicker.
A massive increase in speed.
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It should be a lot faster.
It doesn't have to wait for a blockchain confirmation before posting to the front-end.
This type of tech is needed to speed up platforms for large scale adoption but I would not advise on them during transfers of tokens.
Now that I am thinking about it.
I could spin up the NextColony code, scan the chain, rebuild the game at its last state.
Incorporate this type of tech and still have the fun blockchain writes but provide a better player experience.
Well that just got added to the list :)
Glad to read your post.
Transation in HIVE for 3 seconds is very faster than other Blockchains or payment systems. It is the best of HIVE.
If Duration of Posting and Commenting is lower than 1 seconds, it is very good for users.
If it is become really,
It will have more users and the market will be better.
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Correct. The blockchain still operates at the speed it does. Just the front end will load the post, comments and upvotes quicker and they will be delivered to the blockchain.
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Little things like this actually make a huge difference. People don't like sitting around and waiting on things. You would think crypto would be fast but in so many cases it has higher fees now and slower. Everything crypto wasn't built for. LETS MAKE SOME ADVANCMENTS! Good job everyone involved on this project we appreciate ya
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Early stage development. New technology usually expensive, slow, and glitchy. This is just one example of things moving to a better position.
You are correct in that they do make a huge difference. People are not accustomed to waiting 10 seconds for a page to load.
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I can't tell you how excited I am for this. 3 seconds sounds fast but people are used to instant gratification. I've always believed for crypto social media platforms to succeed, they have to offer a comparable experience to the legacy platforms that people are used to. This just removes another unecessary friction point and I think it's an important if somewhat under the radar upgrade.
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We havent even been hitting 3 seconds because of the issue with Scotbot. That is a lot slower than 3 seconds, more like 10.
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Great development. Now things will be alot faster and easier to access.
Cabt wait to see how lightening DB looks like
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An interesting development. I, for one, have had issues with the loading speed. It would be nice to have thing load smoothly and faster, adding to the overall experience of the end-user
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I would guess by week end, it will be here.
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Little drops of water make an ocean, this upgrade might seem little in the eyes of non technical people but it is quite magnanimous and highly important to the future of this project, hence it is duly appreciated.
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The nice part is every application that Leofinance ends up building will be on LeoInfra so it will have the same advantage out of the box.
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While it may not sound sexy, It will increase the overall UX and retain newcomers. We can't expect people to wait for 30 sec until the post is published. Regardless, I love the work and consistency. 2021 will be a big year for everything Hive.
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Sexy sells but it is not what keeps people around. You are right, this is vital. It is why it was pushed to the front of the list when it comes to the development.
We will see more things like this rolling out from the LEO team. It is going to be a lot of fun going forward.
Fun and profitable.
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With each new update, Leofinance gets better and better.
I predict an amazing 2021 for Leo.
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That is the reason to have updates...to improve the user experience.
It is time to push this platform to an entirely new level.
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Yeah, it is so true that we cannot completely rely on Web 3.0 as it is still a baby. And at the same time, there is no harm in using things from Web 2.0 to keep the user experience intact. There are still so many things missing in the second layer. Hope this db layer at least makes things faster for Leofinance.
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Yeah using a caching system makes a lot of sense. The blockchain will always operate at its pace. We will soon have a lot faster mechanism for the entire platform.
Leo is stepping forward, day by day.
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Yeah, I'm very glad about each step Leofinance takes. It is already setting examples for many things and has been a leader. Cheers! !BEER
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It is very impressive. Now to get some other tribes to start following.
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Thank you but do not look at me. This is not my forte. I can post about technical advancements but dont have a clue how to develop them.
I am just the messenger...but I will take all the praise you have to give. LOL
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The Leo Lightning DB Layer is something that I am very bullish.
The small demonstrations I have seen will be a big change in terms of waiting times in the usability of the platform.
Being in doubt that this is something that takes time and that it is not a graphically beautiful change or a feature that users will see but it will undoubtedly be something that everyone will notice when using the platform and will love it.
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I dont think any regular use will be able to miss it. Those of us who are active find that it is tough to keep interacting. This will make for an improved user experience.
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That is really awesome news! You know me and I love my commenting. Being able to do it quicker will be a great thing. I might be able to post 50 comments per day now! Pretty cool how they are working to grow and improve the platform. I am in a couple of other communities where the development is nowhere near where it is in LEO. Super cool stuff!
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I certainly hope the number of comments increases. It is really frustrating to have to wait 10 seconds for the previous comment to go through.
It also puts Leo on the level of other Web 2.0 sites. One cannot expect to forge ahead using a technology that slows people down.
That will no longer be an issue when this update is rolled out.
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I am so pumped!
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I bet this stuff is somehow going to help with the SEO stuff too. Page load times have been a part of what algorithm considers AFAIK. Users are going to have such a fluid experience even the folks from Facebook are going to get impressed. FB has so much clutter & ads we are going to land a very smooth impression on the users who'l be signing up with Facebook once the FB Lite Accounts are up.
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I am far from an expert on that stuff but it would make sense.
Even if load times are not part of the ranking, the fact that people can operate quicker means there will be more information on the site. This has to help in terms of all the metrics.
It will be interesting to watch how things change in rankings after the change is in place for a long time.
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After the changes I think we should embrace promoting ourselves on crypto games and Brave Browser. It's really the best demographic for us. I went into details why gamers specifically are a great demographic to get on board on my Orca celebration post: https://leofinance.io/@d-zero/i-m-a-new-orca-on-leo-these-are-my-thoughts-and-this-is-what-i-do-to-help
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Nice work
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Bring it on! I have a ton of respect for how LEO keeps bringing development after development. There's just no stopping KHal and crew.
Neither hack nor price nor sneer nor gloom of night stays these visionaries from the swift completion of their chosen path.
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Awesome, and thanks for the info!
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It will be great when we have this update, as it is really annoying this slowness in our posts.
For those who frequent the community through the comments will like and feel a big difference. The year is starting very exciting.
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And not only Leo finance but the internet 3.0 or later depends a lot on the loading speed I am a person who is very stubborn when something does not load fast but compared to other site I think Leo finance has some advantage because it does not need so many additional things like plugins as well as those that have Google Chrome that gives it points
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