3 ms·
I could totally be wrong, but I'm pretty sure I read that Bulletproofs only reduce transaction size by about 40%. While that's still a nice decrease, it won't g
by hanniabu 9y ago
I could totally be wrong, but I'm pretty sure I read that Bulletproofs only reduce transaction size by about 40%. While that's still a nice decrease, it won't get the project to the scalability that it needs. It may buy them a years worth of time at the pace the transactions are growing before they'll need a better solution.
- Casseres 9y agoI just skimmed through their subreddit, and it appears to be between an 80% to 90% reduction. That still makes it a little larger than the average Bitcoin transaction, but the mentality there seems to be that privacy has its price. While next-to-free is preferable, I don't disagree.
- hanniabu 9y agoThanks for the clarification! And yes, I agree as well that privacy does have a price. However, with transactions growing tremendously with the increased popularity and speculation of crypto-assets, there will be a point where enough is enough. I hope that a further iteration for greater efficiency will be found in the future.