JosephO 📸 🐝🐻 👽

For those who haven't read my articles and posts, here is a summary: 1. Solana volume and TPS are fake. They include votes, not just user transactions. 2. Solana uses a single sequencer. 3. Solana rate-limits that sequencer. 4. #PulseChain can handle more than #ETH. The #PulseChain Bridge pausing is not congestion; it occurs when gas prices rise to a point where validators may wait until gas prices are reasonable before paying to submit signatures. For instance, validators might wait until gas prices are pennies vs. dollars in $PLS to sign a single bridge of any value. Each validator is responsible for their own costs and decides how much they’re willing to pay per bridge. As an example, in December, there were over +30,000 bridges, which would have cost +$210,000 to validate if each validator spent $1 of $PLS per bridge. Additionally, fees collected would have been far less than $210,000 due to the free bridges into #PulseChain and low fees for bridges out of #PulseChain. (Don’t ask me about the actual cost and spending for December. I’m only aware of the rough number of bridges and cost each validator would have spend per bridge (+$1) at the time of the gas spike.) The bridge isn’t a problem with blockchain design or a technical issue. It’s a cost issue for the validators. Validator fees exist to pay for the infrastructure that watches and validates bridges. It also incentivizes the bridge’s continued operation. If fees fail to cover these costs, why would validators continue to work to maintain the bridge’s functionality? They are protecting the bridge by waiting for fees to come down. Low bridge fees come with a tradeoff. The bridge protocol was forked, and the fee management system is being utilized as designed. There are numerous solutions to the fees, but they necessitate modifications to the bridge code and collaboration with validators to execute the necessary changes. Speed is determined by block finalization, which necessitates blocks to be finalized with assurances that they won’t be reorganized. For Ethereum 2, the finalization time is 96 blocks. The security of any bridge is the top priority. Many bridges have sacrificed speed for security, only to be exploited later. I like the #PulseChain bridge, because I know it's secure. Yes, it takes longer, but, I know blocks are finalized, cannot reorg, and the asset is safe. The validators act responsibly and protect the bridge by ensuring that they don’t go bankrupt. If you’re looking for speed, there are alternatives, but be aware that there are trade-offs. These trade-offs could be security, cost, or something else entirely.