Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by londons_explore on Monday February 08, 2021 @08:45AM
(#26064319)
> I always understood that there is only a limited number of transactions in each block.
Correct.
> So higher transaction number = higher block number needed
No. The rate blocks are made is fixed (on average), and that limits the total transaction capacity of the whole network. That's why people are working on things like the Lightning Network as a way to add more transactions.
Other efforts to either have more blocks per hour or more transactions per block have (mostly) failed.
Correct.
> So higher transaction number = higher block number needed
No. The rate blocks are made is fixed (on average), and that limits the total transaction capacity of the whole network. That's why people are working on things like the Lightning Network as a way to add more transactions.
Other efforts to either have more blocks per hour or more transactions per block have (mostly) failed.