Re:Show HN: PeerSend – Social Payments powered by crypto
by rglullis on Wednesday October 06, 2021 @01:59PM
(#28776159)
Yeap, this video is pure snake-oil. It overblows something that is a non-issue (ordering of the transactions) and tries to imply that is the core problem of "scaling".
To put another way: if UTXO was paramount for scaling, there would be no need for BSV to exist because BTC (and BCH, LTC, Monero, Doge and so many others) are already based on UTXO.
There are many other, bigger challenges and trade-offs to be considering when planning for scaling solutions. All of the solutions claiming they are scaling base-layer chains are doing so at the cost of centralization. Solana claims to make 100k+ TPS, but the amount of hardware required is incredibly expensive. Binance Chain manages to scale because it uses only 8 validator nodes. BSV is making these jumbo blocks, so the moment the network becomes popular it could be requiring 20-30GB per hour in storage, who in their right mind will want to run one of those?
To put another way: if UTXO was paramount for scaling, there would be no need for BSV to exist because BTC (and BCH, LTC, Monero, Doge and so many others) are already based on UTXO.
There are many other, bigger challenges and trade-offs to be considering when planning for scaling solutions. All of the solutions claiming they are scaling base-layer chains are doing so at the cost of centralization. Solana claims to make 100k+ TPS, but the amount of hardware required is incredibly expensive. Binance Chain manages to scale because it uses only 8 validator nodes. BSV is making these jumbo blocks, so the moment the network becomes popular it could be requiring 20-30GB per hour in storage, who in their right mind will want to run one of those?