Scaling issue is entirely political/business/economic/social.
Technically, there is not a problem. Dash just released a roadmap with 400MB blocks. Chew on that.
Topic: Bitcoin will have Lightning Network soon? - page 2. (Read 1232 times)
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
and according to the website https://lightning.network/:
"Capable of millions to billions of transactions per second across the network"
"Capable of millions to billions of transactions per second across the network"
This is awesome!
But this one is definitely not a good news if it is true.
I understand the same thing from this news and according to the increase in the block size then new update in the Bitcoin blockchain will result into 4 times more fast , so probably we need to pay minimum fee of 0.0001btc ( which is good indication for the small amount of Bitcoin users ).
But still here we can't sure anything because the main reason is , anyone can claim he did better but reality will came when we use it .
Here already the digibyte coin claiming that Thier network is 40 times more faster then old segwit chain , but I don't think so because Thier not much user of dgb like btc .
Well here instead to get any type of the confusion , wait for last of week in August .
But still here we can't sure anything because the main reason is , anyone can claim he did better but reality will came when we use it .
Here already the digibyte coin claiming that Thier network is 40 times more faster then old segwit chain , but I don't think so because Thier not much user of dgb like btc .
Well here instead to get any type of the confusion , wait for last of week in August .
If Bitcoin can effectively solve the scaling issue, that will be a big game changer.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Just read this article you Jimmy Song - Segwit2x: What you need to know about the 2x Hard Fork (aka 2MB non-Segwit Transaction Capacity per block/8MB Total Block Size Hard Fork)
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-
In the "What this means for you" section, it mentioned about that we may have Lightning Network soon after 2 months.
"Practically speaking, as long as Segwit2x releases something that works for mining by July 21, we should get Segwit on the network around August 23. That means that Lightning Network transactions should be available soon after and everyone will be watching to see if block congestion and transaction fees reduce."
Am I interpreting it wrong? How many transactions per second can it precesses? How fast will it be compared to what we currently have now?
I understand the same thing from this news and according to the increase in the block size then new update in the Bitcoin blockchain will result into 4 times more fast , so probably we need to pay minimum fee of 0.0001btc ( which is good indication for the small amount of Bitcoin users ).https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-
In the "What this means for you" section, it mentioned about that we may have Lightning Network soon after 2 months.
"Practically speaking, as long as Segwit2x releases something that works for mining by July 21, we should get Segwit on the network around August 23. That means that Lightning Network transactions should be available soon after and everyone will be watching to see if block congestion and transaction fees reduce."
Am I interpreting it wrong? How many transactions per second can it precesses? How fast will it be compared to what we currently have now?
But still here we can't sure anything because the main reason is , anyone can claim he did better but reality will came when we use it .
Here already the digibyte coin claiming that Thier network is 40 times more faster then old segwit chain , but I don't think so because Thier not much user of dgb like btc .
Well here instead to get any type of the confusion , wait for last of week in August .
well it needs an app to be used and that may take some time to become ready for users and be friendly. you can take a look at litecoin, it already has SegWit and LN is not yet ready for it last time i checked. so your dates may be extended a little.
although like i said before LTC has made things faster for BTC since everything is nearly the same, so maybe the timing becomes faster.
and according to the website https://lightning.network/:
"Capable of millions to billions of transactions per second across the network"
although like i said before LTC has made things faster for BTC since everything is nearly the same, so maybe the timing becomes faster.
and according to the website https://lightning.network/:
"Capable of millions to billions of transactions per second across the network"
Just read this article you Jimmy Song - Segwit2x: What you need to know about the 2x Hard Fork (aka 2MB non-Segwit Transaction Capacity per block/8MB Total Block Size Hard Fork)
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-
In the "What this means for you" section, it mentioned about that we may have Lightning Network soon after 2 months.
"Practically speaking, as long as Segwit2x releases something that works for mining by July 21, we should get Segwit on the network around August 23. That means that Lightning Network transactions should be available soon after and everyone will be watching to see if block congestion and transaction fees reduce."
Am I interpreting it wrong? How many transactions per second can it precesses? How fast will it be compared to what we currently have now?
https://medium.com/@jimmysong/segwit2x-what-you-need-to-know-about-the-2mb-hard-fork-
In the "What this means for you" section, it mentioned about that we may have Lightning Network soon after 2 months.
"Practically speaking, as long as Segwit2x releases something that works for mining by July 21, we should get Segwit on the network around August 23. That means that Lightning Network transactions should be available soon after and everyone will be watching to see if block congestion and transaction fees reduce."
Am I interpreting it wrong? How many transactions per second can it precesses? How fast will it be compared to what we currently have now?
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