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Thunder Network

Setup Time:
30 minutes
Sunday, June 24, 2018 at 05:30pm
Sunday, June 24, 2018 at 09:00pm
Teardown Time:
15 minutes
Estimated size:
Large Event Room

The Silicon Valley Ethereum meetup will host Elaine Shi (professor at Cornell) and Derek Chiang from Thunder Token. Elaine will speak on the consensus layer of the Thunder network: "State machine replication, or consensus, is a central abstraction for distributed systems where a set of nodes seek to agree on an ever-growing, linearly-ordered log. We propose a practical new paradigm called Thunderella for achieving state machine replication by combining a fast, asynchronous path with a (slow) synchronous fall-back path (which only gets executed if something goes wrong); as a consequence, we get simple state machine replications that essentially are as robust as the best synchronous protocols, yet optimistically (if a super majority of the players are honest), the protocol instantly confirms transactions."

Derek Chiang will talk on "How to Choose Between Layer 1 and Layer 2 Scaling Solutions." He will cover the following topics:
- What are layer 1 and layer 2 scaling solutions?
- When should you be choosing layer 1
- When should you be choosing layer 2


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