Author

Topic: Blockchain analysis tools to calculate the possible impact of the LN? (Read 205 times)

newbie
Activity: 42
Merit: 0
Is there currently tools out there that can calculate the average percentage of transactions, based on their value that

would show the possible influence, if these micro transactions were taken off-chain with the Lightning Network. We know the

Lightning Network is more focussed on micro transactions and if these transactions are taken off-chain, then the MemPool

will be basically empty.

https://blockchain.info/charts/estimated-transaction-volume-usd {not what I want}

https://blockchain.info/charts/mempool-count {Also not what I want}

It should drill down much deeper to show, say transactions between X amount {or BTC value} to Y amount, make up this

or that percentage of the total transactions for a predefined time. Hope you get what I am saying.  Huh

If we can evaluate the impact, we could speed up adoption of the LN. {Yes, I know it is still experimental}  Wink



Basically you want a chart where

x= time
y= percentage of transaction under z amount in the mempool.

Is that correct?

Well, you are getting close. The graph needs several inputs. One axis should reflect different transaction sizes and the other

axis, what the percentage impact those transactions sizes will have on the MemPool. To determine that, we need to analyse

how many of the total transactions {average} are micro transactions. We then look at the MemPool and extract the impact

it would have had, if it was not there. {because it would have been more effective if it was running off-chain on the LN}   

Rather than having different transaction sizes on one axis wouldn’t it be more efficient to represent different transaction sizes as different lines through the same graph albeit with different colors?
legendary
Activity: 1904
Merit: 1074
Is there currently tools out there that can calculate the average percentage of transactions, based on their value that

would show the possible influence, if these micro transactions were taken off-chain with the Lightning Network. We know the

Lightning Network is more focussed on micro transactions and if these transactions are taken off-chain, then the MemPool

will be basically empty.

https://blockchain.info/charts/estimated-transaction-volume-usd {not what I want}

https://blockchain.info/charts/mempool-count {Also not what I want}

It should drill down much deeper to show, say transactions between X amount {or BTC value} to Y amount, make up this

or that percentage of the total transactions for a predefined time. Hope you get what I am saying.  Huh

If we can evaluate the impact, we could speed up adoption of the LN. {Yes, I know it is still experimental}  Wink



Basically you want a chart where

x= time
y= percentage of transaction under z amount in the mempool.

Is that correct?

Well, you are getting close. The graph needs several inputs. One axis should reflect different transaction sizes and the other

axis, what the percentage impact those transactions sizes will have on the MemPool. To determine that, we need to analyse

how many of the total transactions {average} are micro transactions. We then look at the MemPool and extract the impact

it would have had, if it was not there. {because it would have been more effective if it was running off-chain on the LN}   
newbie
Activity: 42
Merit: 0
Is there currently tools out there that can calculate the average percentage of transactions, based on their value that

would show the possible influence, if these micro transactions were taken off-chain with the Lightning Network. We know the

Lightning Network is more focussed on micro transactions and if these transactions are taken off-chain, then the MemPool

will be basically empty.

https://blockchain.info/charts/estimated-transaction-volume-usd {not what I want}

https://blockchain.info/charts/mempool-count {Also not what I want}

It should drill down much deeper to show, say transactions between X amount {or BTC value} to Y amount, make up this

or that percentage of the total transactions for a predefined time. Hope you get what I am saying.  Huh

If we can evaluate the impact, we could speed up adoption of the LN. {Yes, I know it is still experimental}  Wink



Basically you want a chart where

x= time
y= percentage of transaction under z amount in the mempool.

Is that correct?
legendary
Activity: 1904
Merit: 1074

Thanks, but this is still not what I want. In my opinion most micro payments up to say 1 BTC will eliminate congestion in the

Mempool. {Yes, also depending on how much Hash power is thrown at it.} It would be nice, if we could show the public,

what impact the Lightning Network & SegWit could have, once all micro transactions are "channelled" via the LN. Example :

20% of micro transactions = X% reduction in the MemPool

40% of micro transactions = Y% reduction in the MemPool

To do that, we must have the data that shows how many of the daily traffic on the Blockchain = micro transactions.
sr. member
Activity: 257
Merit: 343
legendary
Activity: 1904
Merit: 1074
Is there currently tools out there that can calculate the average percentage of transactions, based on their value that

would show the possible influence, if these micro transactions were taken off-chain with the Lightning Network. We know the

Lightning Network is more focussed on micro transactions and if these transactions are taken off-chain, then the MemPool

will be basically empty.

https://blockchain.info/charts/estimated-transaction-volume-usd {not what I want}

https://blockchain.info/charts/mempool-count {Also not what I want}

It should drill down much deeper to show, say transactions between X amount {or BTC value} to Y amount, make up this

or that percentage of the total transactions for a predefined time. Hope you get what I am saying.  Huh

If we can evaluate the impact, we could speed up adoption of the LN. {Yes, I know it is still experimental}  Wink

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