Re:BitPay Will Process Payments on Multiple Blockchains, Sta...
by elif on Friday December 15, 2017 @09:30PM
(#15937078)
It only kicks the can until you scale the remaining components to where it can scale:
- the whitepaper itself solved the storage problem with old transaction pruning.
- The block propagation and validation bandwidth requirements can be brought down 90%+ by canonically ordering transactions, memoizing transaction validation, and propagating only the block header and metadata.
- the inefficiencies in the actual code are being worked out by Bitcoin unlimited's gigablock project among others.
- the whitepaper itself solved the storage problem with old transaction pruning.
- The block propagation and validation bandwidth requirements can be brought down 90%+ by canonically ordering transactions, memoizing transaction validation, and propagating only the block header and metadata.
- the inefficiencies in the actual code are being worked out by Bitcoin unlimited's gigablock project among others.