Aha! One small point, when you scoff at LiteCoin's technical capability, in part you are saying it has the same scaling problems as BTC, and could not carry a much heavier load. Yes?
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Aha! One small point, when you scoff at LiteCoin's technical capability, in part you are saying it has the same scaling problems as BTC, and could not carry a much heavier load. Yes?
Basically. LTC by default handled more transactions than bitcoin, then also, LTC did Segwit. There is an ideology that everything aught to go lightning network after Segwit. Makes sense for payment channels, but that never works for a lot of transactions.
Plus, a fundemental premise of mine is that the market prefers transactions on the blockchain. The market can see the transactions and know, people are using the system, also it is a matter of security. That all these transactions get moved into a black box, I do not think the market favors that. Bitshares & Steem are the way forward in terms of handling transactions on the blockchain with high TPS, pair that with privacy tech, diversified PoS, and that is the future in my viewpoint.
Really, in 5 years, major coins need to be able to do 10,000 TPS if they want to get picked up into major worldwide use cases. Only coins I trust to be able to meet that bar so far are: Dash, EOS, Steem, Bitshares. Dash is at like 1,500 TPS, but the DASH people are smart and running it like a business, they know they need to do better and are working on it.
Thanks, that helps clarify things.
Very exciting to catch a glimpse of the way forward.