4 ms·
> It achieves nothing that an increased blocksize would not have done on-chain Regardless of blocksize the block times are still 10 minutes which means you nee
by Kiro 9y ago
> It achieves nothing that an increased blocksize would not have done on-chain
Regardless of blocksize the block times are still 10 minutes which means you need one hour for the transaction to settle, per the 6 block standard. You can't compare that with LN.
- uncoder0 9y agoWith the current difficulty level isn't the '6 block standard' a bit dated unless we're talking about a transaction that is extremely valuable.
- homakov 9y agoAlso good point - no matter how much you scale "onchain" you still end up with settlement periods, a few min at least. Impractical for offline payments.
- mercer 9y agoCould you elaborate on that? I recall doing transactions that had 6+ confirmations in far less than 1 hour. Do I recall incorrectly?
- spiorf 9y agoThat's just luck. The 10 minute is an average. There are times where you need three hours for 6 confirmations.