Turgon on Nostr: Bitcoin derives its strength from distributed validators, and this is what makes us ...
Bitcoin derives its strength from distributed validators, and this is what makes us feel secure. However, this technology presents some practical challenges that need to be overcome. Yes, it currently works to some extent (with Lightning, SegWit, etc.), but for a more global usage scenario, we need to achieve decentralization, privacy, security, and low transaction fees.
In a scenario where variable block sizes are used, as with Monero, we could significantly reduce transaction fees. However, could this lead to unforeseen block production issues and forking problems?
Moreover, in a scenario where a technology similar to IOTA's Tangle is adapted to Bitcoin, what potential problems could arise alongside the resolution of transaction fee and speed issues?
#bitcoin #blockchain #nostr #build #monero
In a scenario where variable block sizes are used, as with Monero, we could significantly reduce transaction fees. However, could this lead to unforeseen block production issues and forking problems?
Moreover, in a scenario where a technology similar to IOTA's Tangle is adapted to Bitcoin, what potential problems could arise alongside the resolution of transaction fee and speed issues?
#bitcoin #blockchain #nostr #build #monero