Much has occurred since the last post, primarily my project team and I have decided to part ways with our sponsor since we didn’t see eye to eye on many of the infrastructure utilizations that he had originally proposed. An example being we thought that while the toll bridge concept was interesting it was relatively limited. We also came to the consensus that it would be problematic to mark the scope of a community’s infrastructure on the constant flux of a crypto token – since stability isn’t ensured. Thus our new project idea is to develop a decentralized exchange to transact different crypto currencies. The current layer 1 solution implemented right now is very inefficient and has exorbitant transaction fees. An example of this can be seen when trying to covert $200 worth of BTC to ETH, and the transaction fee comes to about $100. We think that building upon the layer 2 model of Ethereum or on another blockchain can not only significantly decrease the fees but also ensure increased transactional efficiency. Due to this being such a new idea and many latter changes occurring fast – such as dropping the sponsor – we are interested to see how this idea progresses and are eager to create something competitive, beneficial, and intuitive in the space.<\/p>\n","protected":false},"excerpt":{"rendered":"
Much has occurred since the last post, primarily my project team and I have decided to part ways with our sponsor since we didn’t see eye to eye on many of the infrastructure utilizations that he had originally proposed. An example being we thought that while the toll bridge concept was interesting it was relatively… Continue reading Blog Post #5<\/span><\/a><\/p>\n","protected":false},"author":11756,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/users\/11756"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":3,"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"predecessor-version":[{"id":19,"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/posts\/16\/revisions\/19"}],"wp:attachment":[{"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/nikilnair\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}