Re:Cambridge Bitcoin Electricity Consumption Index
by Sleepytime on Wednesday February 10, 2021 @05:47PM
(#26095868)
>Do we create a localised version/model where people can transact with each other without touching the blockchain
This is what the lightning network is for: scalable, instant, low-cost, and off-chain TXs. All transactions between the opening and closing of a payment channel are consolidated into two TXs. One to open it another to close it. This means energy cost per TX goes down pretty significantly with adoption.
This is what the lightning network is for: scalable, instant, low-cost, and off-chain TXs. All transactions between the opening and closing of a payment channel are consolidated into two TXs. One to open it another to close it. This means energy cost per TX goes down pretty significantly with adoption.