3 ms·
This is a totally expected consequence of Bitcoin Core abandoning the original plan of raising the block size limit in favor of 'the Lightning Network', which i
by CryptoPunk 8y ago
This is a totally expected consequence of Bitcoin Core abandoning the original plan of raising the block size limit in favor of 'the Lightning Network', which is a technology that does not even work at the conceptual level, let alone being production ready.
A blockchain limited to 3 transactions per second cannot be a global currency. Before Bitcoin came up against its 1 MB per 10 minute (1.67 KB/s) limit, which is its life from launch to 2017, its daily transaction volume was growing exponentially, yoy.