Hmmm, I read somewhere that with segwit we are at around 30 transactions/sec, because while it frees up more block size, it also takes less space. I could be wrong. I hope the Ligthening Network will be soon operational for everyone.
LN is like a parasite to Bitcoin....Are you saying a group of people who knowingly kept trans fees artificially high to convince people LN is the solution are doing a right thing?
Well, I agree that it was kept artificially high yes. But really, if BTC is expected to scale with all these extra transactions, sooner or later a solution should be found. And just upping the size of the bocks is only a temporary fix.
Hmmm, I read somewhere that with segwit we are at around 30 transactions/sec, because while it frees up more block size, it also takes less space. I could be wrong. I hope the Ligthening Network will be soon operational for everyone.
LN is not Bitcoin, is a third party patented technology!
Yes, but when it will be used it will lessen the load on the BTC blockchain.
LN is like a parasite to Bitcoin....Are you saying a group of people who knowingly kept trans fees artificially high to convince people LN is the solution are doing a right thing?
Well, I agree that it was kept artificially high yes. But really, if BTC is expected to scale with all these extra transactions, sooner or later a solution should be found. And just upping the size of the bocks is only a temporary fix.
That doesn't make sense....how is that Gavin Andresen & Satoshi himself consider block size increase as the solution?
They (probably) didn't. That why I wrote that it's not a good solution. It's a stop gap at best.
I did the math below & it shows it increase the throughput by 4 TPS.