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RE: TOMORROW: Feature Complete Koinos Testnet Launch

in #koinos2 years ago

For those reading who may not understand why this is important, it's this: #Koinos will allow you to build dApps that don't have a first step of "purchase token". I believe this is what's required for blockchain to go mainsteam - delightful, desirable, and free-to-use apps with free accounts and no barriers.

If it cost even $0.001 to post a comment on Hive how often do you think you'd interact? That's why free-to-use matters and is what's missing from Ethereum and all of it's other smart contract chain competitors and clones.

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would you say that the upcoming RC delegation feature on Hive would be comparable to what KOIN has (in terms of free to use)?

No because Hive isn't a smart contracts platform, it's an application specific chain. Other applications can certainly use Hive but they require layer-2 solutions which are ultimately centralized and the blockchain industry keeps proving to us how centralized things work out. Being able to launch a different type of app on a decentralized layer-1 is way more desirable because it offers you direct exposure to all other apps built on the network and in a completely decentralized way.

But if you put all of that aside, yes, the free-to-use nature of Hive and Koinos are similar. Instead of delegation Koinos uses payer/payee symantics for smart contracts. The big difference here is that a dApp owner can choose to use their Mana (similar to RC) for all of their users rather than making individual delegations. It's a lot more elegant and versatile.

thanks, this cleared things up :)

Claim feature need to be retard friendly for people like me :D

Welp... good news is that you'll be able to test that process with the v4 testnet tomorrow

enough would be a video that a 3-year old can follow :)

I think @motoengineer will be doing one maybe (the team might be also though, not sure)