News for hackers. Stuff that matters.

A comment on Crypto Fund II. Parent comment

Re:Crypto Fund II by Vadoff on Thursday April 30, 2020 @05:44PM (#23036522)
Bitcoin block transactions are terrible for microtransactions, since the amount of transactions that can be held are intentionally limited, which means higher fees.

Lightning network is capable of solving the issue though, as these transactions are done over a secondary layer.

[ Parent | on HN ]
Re:Crypto Fund II by dylkil on Friday May 01, 2020 @04:33AM (#23040176)
>Lightning network is capable of solving the issue though, as these transactions are done over a secondary layer.

The lightning network whitepaper states a base block size of 155mb is needed for it to work at scale. Right now bitcoin has a 1mb block size limit. And as you said, this size is intentionally limited, so i doubt we'll ever see lightning network work at scale.

[ Parent | on HN ]