Re:A Formulation of the Trilemma in Proof of Work Blockchain
by snapcaster on Tuesday July 23, 2024 @03:37PM
(#41049910)
So right, but the issue is that block size increases only get you a linear increase in transaction rates which doesn't really address the problem (would 50 t/s somehow resolve any blockchain congestion?). So you make your currency less secure, risk chain splits but haven't even really solved any problems
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Re:A Formulation of the Trilemma in Proof of Work Blockchain
by DennisP on Tuesday July 23, 2024 @10:13PM
(#41053039)
If the hardware is improving exponentially, then increasing the block size on the same curve is also an exponential improvement.
Layer 2 is helpful but does not entirely remove the need for space on chain. In LN for example, every channel opening and closing uses block space.