How are Trit qubit sharding botnets and ethereum related and what is an trit or qubit?

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Cryptocurrency fan pet lover nerd

3 years ago

In community: Open For All(cc80)

Topics: Ethereum, Blockchain, Cryptocurrency, Money, Finance, ...

So what do these things mean and how are they related. Without a doubt most of you have definitely heard of Bitcoin and Ethereum (ETH) I'm not going to insult you by assuming otherwise. You may have already heard of sharding in relation to Ethereum 2.0 the Ethereum fork soon happening. Bot net is probably if you have heard of it associated with crime or hackers. Ternary logic and qubit these are probably a little less popular most people more than likely never encounter these words outside of an academic setting. This article will first give you some definitions/examples and then explain why I think that they are connected with one another.

I normally don't do topics like this because it is less popular of a topic than overviews . So if you're a fan of content like this please let me know in the comments and if you're new please like share and subscribe for daily content.

Definitions

So let's begin with the most complicated definitions first Qubit, trit, Ternary, sharing, & botnet.

Qubit- is a term used in quantum physics to describe a two-state (or two-level) quantum-mechanical system. This is one of the simplest quantum systems displaying the peculiarity of quantum mechanics. This quantum mechanical system is an example of a superposition one example of a superposition that many people likely are familiar with is the double slit experiment. First conducted in 1801 by Thomas Young the double slit experiment is the first evidence of superposition being particle wave duality that photons (lite) can be a wave or a particle.
A quantum computer will be utilizing a quantum superposition as it's coding instead of a bit from binary there's a qubit referring to a 1 or zero or a superposition that is between both 1 and 0.

Ternary logic- Ternary computing implemented in terms of unbalanced ternary which uses the three digits 0, 1, 2. The original 0 and 1 are explained as an ordinary binary system of computing where the 2 is used in unbalanced ternary as a as leakage current.

The world's first unbalanced ternary semiconductor design on a large wafer was implemented by the research team led by Kim Kyung-rok at Ulsan National Institute of Science and Technology in South Korea, which will help development of low power and high computing microchips in the future.

Trit- a unit of data in a Ternary logic system

Sharding- is defined as the process of splitting a database horizontally to spread the load. This system is going to get applied to Etherium mining with the ETH2.0 upgrade

Botnet- A botnet is a number of internet-connected devices, each of which is running one or more bots. Usually this is associated with a Distributed Denial of Service attack also known as (DDoS) attack. However in recent years it has been being utilized in cryptocurrency cloud mining as well.

Why I think their connected

I have 2 articles from around a month ago I will link at the end of the article that explored both ternary logic and quantum computer's. Because I have covered these topics before was why I was even thinking about either of these things when I was working on my Ethereum 2.0 article from a couple of days ago. Oddly enough I think that i was able to ascertain the fact that (POW) proof of work cryptocurrencies where going to be adopting certain principles of Unbalanced Ternary Logic and applying them to a botnet for mining and transfer validation. I think that this was a coincidence but I have been thinking about this non stop since I became more familiar with Ethereum 2.0 upgrade and sharding.

Now that I have tried my best to define the terms that I will be utilizing as the article goes on. We'll have to explore just how I believe that they are connected with one another. While writing my articles Bitcoin's sacred scarcity and the Value of labor theory I became more familiar with two economic principles that are helpful in determining whether a high value asset is deserving of it's price or not. The first is one of the stock flow consistent (SFC) economic models more specifically the stock 2 flow (S2F) model which is commonly used in determining an asset's investment potential by comparing the overall stock of the asset with how long it would take to produce the current amount of the asset in question. This was most recently used to measure Bitcoin's investment potential in a article in Forbes. The second is the subjective theory of value which is in contrast to the labor theory of value where the assets price is a subjective decision made arbitrarily. This arbitrary value system when scaled up is known as a artificial scarcity model. Artificially scarce assets are not good investment's due to the fact that the value is something that is arbitrarily decided by the producers.

This is not a bad thing necessarily a arbitrarily scarce asset describes all current fiat currency systems. However they are not the most stable economic system and they haven't been able to reconcile the challenges of a economic system that is used globally and not geographically isolated. Cryptocurrency has been expanding recent years due to certain countries that are either unable to make online payments or even as a safer investment than their countries fiat. The (POW) consensus model is unique in that it creates a scarcity based on requisite computational effort. No one miner would be able to handle the mathematical proof independently so they contribute to a collective answer. There is competition for the mathematical proofs and redundancies are not rewarded effectively wasting the computational power of the redundant unit.

Sharding ethereum 2.0

With the introduction of the sharding features of Ethereum 2.0 I think that there is a possibility of a huge decrease in the value of cryptocurrency systems that are derived from Ethereum such as a ERC20, ERC721, or any other type of derivatives such as a NFT Non Fungible Token. Personally I fear the possibility of quantum computing implemented in mining cryptocurrency as it possibly could render cryptocurrency worthless. Luckily for me the probability of a quantum computer being constructed in my life time is not likely . However I believe their is a good chance that a few alternative concepts that may be a plausible candidates for a possible cause of the death of cryptocurrencies. Unfortunately the sharding system is a very good concept that has the potential to cause either the expansion of cryptocurrency markets or a potential problems.

Disclaimer!

I am not a economic expert or advisor don't make any financial decisions based on my personal opinion.

My prediction

My fears are based on the mining of ETH and how it worked previously compared with how it is going to function after Ethereum 2.0 upgrade. Sharding is vaguely reminiscent of a botnet in it's most basic description both utilize a network of devices connected to one another via the internet working independently on a task that will contribute a portion of a larger answer. A computer cluster is a set of loosely or tightly connected computers that work together so that, in many respects, they can be viewed as a single system.

A ternary computational system utilizes trit as a label for ternary logic data. Similar to how a bit used as a label binary systems 1 or 0 true or false model or a Quaternary systems label a qubit. Originally I was fearful of unbalanced ternary logic being the causation of cryptocurrency being devalued in the future. The first ternary computer, Setun was built in 1958 in the Soviet Union at the Moscow State University by Nikolay Brusentsov. The successor of Setun made by Nikolay Brusentsov In 1970 the Setun 70, implemented principles which were later proposed for the RISC architecture.

(RSIC) or a reduced instruction set computer has several modern equivalents to many to list. RISC architectures are now used across a range of devices like smartphones tablets computer's. Since 2010 a new open source instruction set architecture (ISA), RISC-V, has been under development at the University of California. It was intended to be a open source alternative to the proprietary ISA models originally created by IBM commonly called Power ISA.

I am seeing a remarkable similarity in the Ethereum 2.0 upgrades sharding and version 2 of the user space ISA. First announced in 2014, version 2 of the user space ISA is fixed. The ISA is designed to be extensible from a barebones core sufficient for a small embedded processor to having potential implementations for supercomputer and cloud computing.

Conclusion

Everything I have been outlining in this article is conjecture pure and simple. Potential drawbacks to an otherwise great solution to problems with ETHs security. As well as Ethereum's power & system requirements for mining. This isn't necessarily a problem at all but I fear that it may be problematic to simultaneously make the POW mining of ETH much easier and faster while also switching over to a POS Proof-of-Stake model. Proof-of-Stake is problematic because it gives a whole lot of power to not that many people Ethereum 2.0 will be introducing a Beacon chain function that is essentially a POS model. You can already deposit your stake. The network needs at least 524,288 ETH staked before the Beacon Chain can ship securely. Meaning that you will have to possess/stake $244,318,208 USD in order to vote for potential future updates on the Ethereum blockchain. This model has been problematic in the past look at Dash for example which is a POS model that is not doing so well in comparison to other cryptocurrencies. Dash was valued at $140 in November of 2018 in November 2019 $50-$73 and now it's a little bit better than 2019 $83 at the time of writing. It is better than 2019 but it is a far cry from the value of 2018 $140. Fearing that absolute power corrupts absolutely i wrote this article $250 million dollars seems pretty powerful. I hope I'm wrong believe that I personally don't want anything bad to occur with ETH or the cryptocurrency market.

My articles/links

https://read.cash/@Chubbie149/you-can-only-go-so-fast-in-a-single-file-line-binarys-replacement-d67dc0b9

https://read.cash/@Chubbie149/value-of-labor-and-potential-applications-1b11ba5b