3 ms·
> instead of just scaling with larger blocks Blocks will need to be ~5TB to match Visa transaction volume. Some lightning network advocates are concerned about
by osteele 8y ago
> instead of just scaling with larger blocks
Blocks will need to be ~5TB to match Visa transaction volume. Some lightning network advocates are concerned about the effect that a size increase necessary to support even a fraction of this volume would have on mining centralization.
Other concerns are listed here https://en.bitcoin.it/wiki/Block_size_limit_controversy https://en.bitcoin.it/wiki/Block_size_limit_controversy and here https://en.bitcoin.it/wiki/Scalability_FAQ#General_Block_Size_Increase_Theory https://en.bitcoin.it/wiki/Scalability_FAQ#General_Block_Siz...
- lawn 8y agoAnd they use that as an argument against any increase which is completely insane.
- pitaj 8y ago> Blocks will need to be ~5TB to match Visa transaction volume. No, it's on the order of 3 gigabytes. Visa claims they can handle up to 25k Tx/s. 226 B / Tx. 600 sec (10 min) per block. (25000 Tx / s)(226 B / Tx)(600 s / block) = 3.39 • 10^9 B / block Visa normally handled around 2k Tx/s, which would only require a few hundred megabytes per block.
- democracy 8y agoRe Visa TPS: *Source: 50,000 transactions per second, as of July 15, 2017 [https://ripple.com/xrp/ https://ripple.com/xrp/]