Increase in Bitcoin Addresses as More People Join the BTC Price Surge

Re:Increase in Bitcoin Addresses as More People Join the BTC... by nkuttler on Friday November 20, 2020 @02:58AM (#25158235)

The mempool is pretty empty, transactions costs are very low at the moment. I think there was a brief spike in mempool usage and fees around the time paypal announced their bitcoin option, but that didn't last.

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Re:Increase in Bitcoin Addresses as More People Join the BTC... by The_Colonel on Friday November 20, 2020 @03:19AM (#25158377)

Ah, interesting. If bitcoin is adopted more and more transactions will come, will the problem return again (and perhaps not just as spike). Or is there some technological solution?

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Re:Increase in Bitcoin Addresses as More People Join the BTC... by mateuszf on Friday November 20, 2020 @03:24AM (#25158399)

https://en.wikipedia.org/wiki/Lightning_Network

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Re:Increase in Bitcoin Addresses as More People Join the BTC... by arcticbull on Friday November 20, 2020 @04:07AM (#25158684)

Nobody uses it, it locks up your money and if an intermediate node loses power or network connectivity sorry for your loss.

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Re:Increase in Bitcoin Addresses as More People Join the BTC... by Fnoord on Friday November 20, 2020 @04:59PM (#25165556)

> loses power or network connectivity

Ah, now I understand the name "Lightning Network". Cheers!

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Re:Increase in Bitcoin Addresses as More People Join the BTC... by arcticbull on Friday November 20, 2020 @03:40AM (#25158506)

There isn’t a technical solution anyone in the community agrees on, and hadn’t in over 12 years. The only proposal is “layer 2” which is agnostic to the underlying asset and would function just as well with gold.

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