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Perhaps block chain should accept only hashes of a set of transactions without restricting the set size, and store the actual transaction data elsewhere. This c

by chj 10y ago

Perhaps block chain should accept only hashes of a set of transactions without restricting the set size, and store the actual transaction data elsewhere. This can increase the bandwidth, but will it become less secure, I don't know..

longwave 10y ago
This is the idea behind Lightning Network: https://lightning.network/ https://lightning.network/
- AndrewDucker 10y ago
  How's things going with Lightning? It looks like an excellent idea - but is it making any progress towards actual implementation?
  - Taek 10y ago
    It's making significant progress. The optimists think it'll be ready by January. I'm expecting it to be ready closer to June 2017.
- csomar 10y ago
  No, it's really not.
ianpurton 10y ago
The blockchain need to see the actual transaction and store it. Otherwise people wouldn't know their balances. Storing the data elsewhere would require a trusted third party. Bitcoin requires no trusted third party to operate.