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A comment on You can bypass YouTube ads by adding a dot after the domain. Parent comment

Re:You can bypass YouTube ads by adding a dot after the domain by mulmen on Wednesday June 10, 2020 @02:33PM (#23480479)
I am not a cryptocurrency expert by any means. I’m barely literate in fact. Please entertain my uninformed question.

It is my understanding (misconception?) that cryptocurrencies don’t scale well. How would a cryptocurrency handle billions of micro transactions? How would such a system scale to the amount of content consumed?

Would there be many individual coins that are exchanged for a common one(s)? NYTCoin for BTC? Is there some method for handling transactions without the overhead?

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Re:You can bypass YouTube ads by adding a dot after the domain by aeternum on Wednesday June 10, 2020 @03:53PM (#23481298)
It's a good question. On-chain transactions don't scale well but there are many solutions which only require on-chain transactions to fund some initial channels and then subsequently if a participant misbehaves. One additional benefit is the micro-transactions are not stored on the main blockchain, further improving privacy.

Bitcoin's lightning network is an example of this, and is currently up and running. Fees are incredibly low, currently averaging .0098 cents: https://1ml.com/statistics

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