millions of transactions per second is 100.000x more than Bitcoin can handle with 1 MB block.
Bitcoin is store of value instead, like gold
Maybe the Core team should improve that to allow many more per block.
All what is need is increasing block size, so one line change I guess
No, why not make everything more efficient rather than increasing the block size. That would be better than using the lazy way to fix it.
But you cant compress the transactions much, it is almost like recompressing the same file again
I dont seem to follow you. They could make it so that after block x the compression is different.
tx are mostly hashes which are by their very nature random and thus generally not compressible. If you want to try an experiment yourself take a list of hashes and attempt to compress it with various file compression tools. You will find either the compression savings are tiny or possibly the compressed size is larger than the original. There is no effort being put into compressing the blockchain and that would be ultimately useless. There is effort in pruning the blockchain by removing txs which are no longer needed.
So there is no way to compress it? I heard that compressed addresses use less space in the blockchain? What does that mean?