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How does the Gajumaru solve for global scale?
Discussion on #blockchain scalability solutions, particularly how the #gajumaru solves this within Groot (the proof of work, open source base resource of the Gajumaru), State Channels on Groot and Associate Chains (blockchain infrastructure, what are often called 'Layer 1') and cross-chain transactions between those associate chains through the common root.
We also discuss the potential for countries to control their own digital currency using Groot within national associate chains.
* #Bitcoin scalability issue arises from the limited number of transactions per second due to block size constraints.
* Groot's state channels facilitate a high volume of transactions off-chain, recorded in the blockchain for scalability.
* Proof of work solves leader selection problem in blockchains.
* Associate chains have known operators (infrastructure, governance, control functions as one would expect in a national context where there are regulations and laws to comply with) and hard cap on money supply.
* Groot acts as root node for all associate chains, facilitating cross-chain transactions, in no small part because it is AWARE of the associate chain - this is why an associate chain is like a so-called 'Layer 1' and NOT a pinky promise centralisation to pretend that square wheels are round 'Layer 2'
* Financial authority graph ensures finite monetary supply and scaling opportunities - against such a constant, we can once again have economic clarity.
* National reserve banks identified need for high-speed payment rails
* Groot allows countries to create own rules and control digital currency
* Groot serves as bridge between natural law and regulatory space, enabling trust-based transactions.
00:00:00 Bitcoin Scaling Mechanisms
00:10:22 State Channels in Groot
00:16:27 Associate Chains and Proof of Work
00:21:56 Monetary System Dynamics
00:26:58 Financial Authority Graph
00:30:22 The Future of Money
00:33:58 Negotiating Digital Payment Rails
00:42:58 Digital Economy Growth
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