₿D on Nostr: Satoshi nakamoto put the 1mb there for a reason. Lower blockchain growth Faster ...
Satoshi nakamoto put the 1mb there for a reason.
Lower blockchain growth
Faster verification speed
Less risk for half downloaded blocks
Easier on simple devices
Higher fees to reduce mining costs
Drawbacks?
Slow transactions
However, Satoshi Nakamoto already knew about a possibility of payment channels, to solve this.
Money is only scalable to some extend. We souldn't expect bitcoin to be so scalable.
The 1MB blocksize is more important than we think. It has to be re-implemented as fast as possible.
Lower blockchain growth
Faster verification speed
Less risk for half downloaded blocks
Easier on simple devices
Higher fees to reduce mining costs
Drawbacks?
Slow transactions
However, Satoshi Nakamoto already knew about a possibility of payment channels, to solve this.
Money is only scalable to some extend. We souldn't expect bitcoin to be so scalable.
The 1MB blocksize is more important than we think. It has to be re-implemented as fast as possible.