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Others however, just increased the block size to allow for more transactions per block and thereby lower fees. This is the intended purpose of the block size as
by pfundstein 5y ago
Others however, just increased the block size to allow for more transactions per block and thereby lower fees. This is the intended purpose of the block size as set forth in the Bitcoin whitepaper.
- noxer 5y agoIts not solving the problems its just makes it less severe for a while. There is always an interest for miners to maximize Tx fees. You could make the block size infinite and there would still be no reason for a miner to add all pending Tx. Why would they If they can force people to pay a fee. The solution is to get rid of the fee. That's the only way you can have a system that wants the maximum throughput for the minimum cost, because no one makes money from it. Hence systems like the XRPL dont have real Tx fees they only have a tiny pseudo fee that isn't going to anyone its simply burned instead and only acts as a spam protection.