Niumeta approaches it from a higher dimension. If we think of traditional blockchains as 3‑dimensional, Niumeta is 4‑dimensional – it adds an extra time dimension.

The benefit of this dimensional upgrade is that it records everything – an immutable history of all events. When a major incident happens on Bitcoin or Ethereum – for example, the DAO hack – they had to resort to a hard fork. Niumeta is different. If something similar occurs, say someone exploits a bug to mint tokens out of thin air, we don’t need a fork. The chain truthfully logs the entire event, and also records the full correction process on‑chain

Comments URL: https://news.ycombinator.com/item?id=49504827

Points: 1

# Comments: 1

Perhaps it’s just a huge ball of mud.

The whitepaper that matches this ball of mud is also a huge ball of mud: https://www.niumeta.com/en/developers/architecture

This doesn’t seem to be a public chain, nor a consortium chain—but it is definitely secure, decentralized, and its performance is up to standard. I gave it a name: Zero-Trust Network. Also a huge ball of mud.

6 seconds per block is actually quite slow—how can this support high‑frequency order‑book trading?

In reality, high‑frequency order placement and cancellation still happen on centralized servers; only the final settlement is settled on the decentralized system at a 6‑second tick.

That seems workable, because you don’t need to open an account with a broker, you don’t need to pay broker trading fees, and you can trade 24/7.

That said, the code is written, but we don’t have enough hardware and network resources to test and optimize it properly. For now, it’s just boasting

Comments URL: https://news.ycombinator.com/item?id=49442721

Points: 3

# Comments: 0

We're thinking about this at a different level: "Towards a Type I Civilization: A Zero-Trust Network"

With the exception of AI training, all traditional data center capabilities can be decentralized and integrated on-chain.

This might sound like a joke, but we are serious.

Architecture overview: https://www.niumeta.com/en/developers/architecture

What I want to show today is the ZK-based deposit/withdrawal system. This part is open source on GitHub and can be compiled and verified independently.

Is this meaningful to the industry? It does not rely on multisig.

As for how secure it really is — we still have concerns ourselves. For now we rely on watchdog nodes that can circuit-break every single withdrawal, plus an hourly limit and a daily limit. For the project these are, honestly, temporary measures.

One more thing, about the choice of SP1: is 6.2.3 safe enough? On the same 7413 server, with no GPU, generating one proof takes about 2–3 minutes.

Repo: https://github.com/niumeta/niumeta (the ZK part is under "Cross-Chain Bridge/", with a reproducible build guide)

Comments URL: https://news.ycombinator.com/item?id=49430494

Points: 1

# Comments: 3