3 ms·
> There have been successful tests of blocksizes of up to 1 GB or 1000x the current size no need to be genius to just increase blocksize 1000x and "assume" gig
by homakov 9y ago
> There have been successful tests of blocksizes of up to 1 GB or 1000x the current size
no need to be genius to just increase blocksize 1000x and "assume" gigabit connection which no one has.
Lightning network is a great idea, in theory, in practice however it will just not work for the problem you mentioned - no one is interested in providing this kind of liquidity.
As of why need blockchain at all - is because 1st layer is the court and guarantees you to own money from the channel. You just don't have to ask court for every coffee payment (i.e. broadcast to every single laptop in the world).