5 ms·
Block size puts a limit on the rate of transactions, but increasing the block size wouldn't help the time it takes to spin up new nodes. In fact, increasing the
by mort96 3y ago
Block size puts a limit on the rate of transactions, but increasing the block size wouldn't help the time it takes to spin up new nodes. In fact, increasing the block size would make spinning up new nodes significantly less feasible, since the chain would grow at a faster rate.
- TimeBearingDown 3y agoHaving a large number of independent non-mining full-history nodes is good, but it’s ultimately far less important than the distribution of mining (voting) nodes, and it’s one of many factors that must be considered while working to increase throughput, which is an absolute imperative. Under 10 tx/sec is glacial, it makes Bitcoin useless for the people with the least access to financial services, and it seems starkly in opposition to Satoshi’s written comments about scaling when adding the 1MB block size. I do think Bitcoin should be considered a failure if it becomes purely an exercise in hoarding. I will say!I’ve been too happy with Ethereum and Monero to test Lightning, but I should. I had misgivings with its interface and availability requirements while reading of it in the past years.