June 24 @ 5:30 PM - 9:00 PMFree
The Silicon Valley Ethereum meetup will host Elaine Shi (professor at Cornell) and Derek Chiang from Thunder Token. Elaine will speak on the consensus layer of the Thunder network: “State machine replication, or consensus, is a central abstraction for distributed systems where a set of nodes seek to agree on an ever-growing, linearly-ordered log. We propose a practical new paradigm called Thunderella for achieving state machine replication by combining a fast, asynchronous path with a (slow) synchronous fall-back path (which only gets executed if something goes wrong); as a consequence, we get simple state machine replications that essentially are as robust as the best synchronous protocols, yet optimistically (if a super majority of the players are honest), the protocol instantly confirms transactions.”
Derek Chiang will talk on “How to Choose Between Layer 1 and Layer 2 Scaling Solutions.” He will cover the following topics:
– What are layer 1 and layer 2 scaling solutions?
– When should you be choosing layer 1
– When should you be choosing layer 2