Hey Blockchain Devs, Waves Doesn't Want to Hear Your Excuses

Does the blockchain space make excuses for its problems?

As part of a blog post detailing a different approach to blockchain transaction scaling, Waves Smart Contracts head of development, Ilya Smagin, noted the blockchain space often makes excuses for its shortcomings.

"One of the things blockchain people are good at is explaining why user restrictions and inconveniences are insignificant and are actually the solutions rather than the problems," Smagin said in a June 4 post.

Although some of the underpinnings and inspiration for blockchain tech came into play in years prior, the technology gained true ground with the inception of Bitcoin's white paper in 2008.

Blockchain has seen significant adoption since 2008, although many aspects still show the tech's youth - transaction times and limits, private key clunkiness, and the proliferation of hacks come to mind.

Smagin detailed a solution to the proposed blockchain transaction problem.

Noting the necessity of blockchain transaction limits, he took a different approach to the puzzle, calling it the "Under-the-hood" method.

"Business transactions should be split into blockchain transactions," he posited.

The approach essentially divides business transactions into a number of blockchain transactions, completing the process automatically instead of needing manual interference with each event.

A number of other camps also currently work on scaling issues in one way or another, including Bitcoin's Lightning Network - a second-layer solution for transactions.