Eric Arruda 🇻🇦🇨🇦🇵🇹 on Nostr: Anyone working on L2 for #Monero? ChatGPT Let's break this down into Monero’s ...
Anyone working on L2 for #Monero?
ChatGPT
Let's break this down into Monero’s current block capacity, then scale that to VISA-level transaction volumes and see what the block size would need to be if Monero tried to match that.
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1. Monero Block Time
1 block every ~2 minutes
720 blocks per day
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2. Current Monero Transaction Size
Average transaction size: ~2,000 bytes (2.0 KB)
Let’s say Monero currently fits 20–30 transactions per block (varies based on block size penalty and mempool).
That’s about:
20 tx × 2,000 bytes = 40 KB per block
30 tx × 2,000 bytes = 60 KB per block
So roughly:
Monero blocks are currently around 40–60 KB in size on average.
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3. VISA Transaction Volume
VISA processes ~150 million transactions per day
That’s about 1,736 transactions per second (TPS)
In 2 minutes (one Monero block), VISA would process:
1,736 TPS × 120 sec = ~208,320 transactions per block
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4. What if Monero Had VISA-Level Throughput?
208,320 tx × 2,000 bytes = ~416.6 MB per block
So to match VISA's volume:
Each Monero block would need to be ~416 MB
(compare that to the current ~50 KB size — that’s an 8,000x increase)
ChatGPT
Let's break this down into Monero’s current block capacity, then scale that to VISA-level transaction volumes and see what the block size would need to be if Monero tried to match that.
---
1. Monero Block Time
1 block every ~2 minutes
720 blocks per day
---
2. Current Monero Transaction Size
Average transaction size: ~2,000 bytes (2.0 KB)
Let’s say Monero currently fits 20–30 transactions per block (varies based on block size penalty and mempool).
That’s about:
20 tx × 2,000 bytes = 40 KB per block
30 tx × 2,000 bytes = 60 KB per block
So roughly:
Monero blocks are currently around 40–60 KB in size on average.
---
3. VISA Transaction Volume
VISA processes ~150 million transactions per day
That’s about 1,736 transactions per second (TPS)
In 2 minutes (one Monero block), VISA would process:
1,736 TPS × 120 sec = ~208,320 transactions per block
---
4. What if Monero Had VISA-Level Throughput?
208,320 tx × 2,000 bytes = ~416.6 MB per block
So to match VISA's volume:
Each Monero block would need to be ~416 MB
(compare that to the current ~50 KB size — that’s an 8,000x increase)