Pages:
Author

Topic: I think we can. - page 3. (Read 627 times)

legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
February 10, 2018, 01:48:04 PM
#36
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?


It has actually been discussed, all you need to do is use google.

Quote
With 1 MB blocks, the capacity of the bitcoin network is ~2500 tx/bk, ~360'000 tx/day, 2.52 M tx/week. To avoid excessively long delays due to congestion, the average blockchain traffic should be well below the maximum capacity; say, 70% of it. Then the LN will support at most 900'000 users.

With 8MB blocks, the capacity of the bitcoin network would be ~20'000 tx/bk, ~2.9 M tx/day, 20.2 M tx/week. In that case, the LN will support at most 7 million users.

So it also has its limits, but we'll need time and constantly growing user database for it to to require an upgrade. It's a temporary measure to keep the network running while the number of users is growing. In time we'll need upgrades, it's certain, but every piece of software available will need it at some point. What programs remained unchanged for the last 10 years without any revisions being added?
I expect that by the time we start to have issues with transaction speed again there will be another solution this time to upgrade the first layer, other than changing the block size.
member
Activity: 252
Merit: 10
February 10, 2018, 01:45:22 PM
#35
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?




Actually we all are wants that. but the main thing is right now bitcoin is struggling for a different reason.but personally i believe that it would happen.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
February 10, 2018, 01:42:33 PM
#34
Today all eyes are on Lightning Network, making transactions faster and affordable. Though still in the test phase, we all have good hopes it will do the job. But as technology always goes a step further, devs may come with some other solution eventually, that's even better.
jr. member
Activity: 36
Merit: 10
February 10, 2018, 01:39:35 PM
#33
I think its possible. Bitcoin is the king of crypto currency and i thunk he can improve her self in lightning transaction. But i think the fee will increase if that will happen or maybe not.
Try to review your post mate,bitcoin is not a person.He/she should not be used if you're reffering to a thing,this is basic.

This is not semantics, meerely the act of personification. In this case, he personified Bitcoin. So what? Watch how much AI gets personified, and who's to say Bitcoin isn't the first AI? We just don't know.

In answer to OP's question, I agree that we can. But no longer possible for a new user to jump into the Bitcoin blockchain contribution game. You just can't download it anymore. Bitcoin should warn people on the main site of this. Laughable that it says could take "hours". Willing to bet it more like months now.

We're basically stuck with whoever is hosting the blockchain now, ie Bitcoin farms. They will have absolute control, really.
full member
Activity: 294
Merit: 101
February 10, 2018, 01:35:34 PM
#32

as technology develops I believe scientists will do research on a continuous basis and do not rule out that the things you talk about will be realized
member
Activity: 102
Merit: 28
February 10, 2018, 01:25:14 PM
#31
Ugh why are there spammers like that on here? Do something productive with yourself
jr. member
Activity: 296
Merit: 2
February 10, 2018, 11:57:43 AM
#30
Yes, definitely it will be possible in future if the ban does not happen in most of the countries on bitcoin or other crypto currency. It will improve its services as the users will increase.
Your opinion is true and I agree with your opinion.
I'm sure the future will come bitcoin users will increase so the future bitcoin will be brighter.
member
Activity: 102
Merit: 28
February 10, 2018, 07:42:14 AM
#29
Interesting.....You just got me thinking about that reality if the customers could not stay at pace how could the price skyrocket because the variables wouldn't be there to let it "skyrocket"

Not saying your wrong...
full member
Activity: 952
Merit: 104
★777Coin.com★ Fun BTC Casino!
February 10, 2018, 07:38:17 AM
#28
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?




Yes it could handle the future transactions because it would also evolve just like the other currency. Bitcoin will not allow its platform to be stagnant and cannot catch up to the fast evolution of technology. However, if transactions are unable to catch up with the pace of bitcoin then the problem would be in the customers itself while bitcoin will skyrocket to the future.
member
Activity: 102
Merit: 28
February 10, 2018, 07:31:13 AM
#27
That was allot of great feedback, and I agree with many of you. I am curious if we could get an estimate of the worldwide transactions happening every minute daily just say from on merchant than multiply that times an estimate of how many merchants to get an idea of what we are looking at.

Than to take it even further... So lets say that BTC is the new currency and we are all sending payments and realize just how freaking easy it is to pay someone and than transactions increase even further because of users interface of real time application?
sr. member
Activity: 714
Merit: 250
February 10, 2018, 01:11:21 AM
#26
Yes, definitely it will be possible in future if the ban does not happen in most of the countries on bitcoin or other crypto currency. It will improve its services as the users will increase.
Some have its good feeback on lightning network with this it is possible that transactions are smooth in the future. That's what we hope in the future banning bitcoin in other would not happen. In the future I can see that btc transactions could handle the situation in bulk daily.
full member
Activity: 210
Merit: 100
A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE
February 10, 2018, 12:52:20 AM
#25
Yes, definitely it will be possible in future if the ban does not happen in most of the countries on bitcoin or other crypto currency. It will improve its services as the users will increase.
hero member
Activity: 616
Merit: 502
February 10, 2018, 12:41:32 AM
#24
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?




I believe it can, bitcoin's networks is always being implanted by those people who could do such thing, I'm not sure who they are but I'm sure there are people who could do so. They are aware that the population of bitcoin is rapidly growing so they are not going to sit back their watching the bitcoin network having a problem dealing with that. For example the Blockchain, you could see that the transaction is so slow sometimes, wondering why? It is because of the simultaneous transactions processing in a same time, that is why blockchain are having a hard time about that.

The solution to that is to increase the size of the amount of blockchain the MB's to perform much better, correct me if I'm wrong.
jr. member
Activity: 296
Merit: 2
February 10, 2018, 12:39:17 AM
#23
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?
I'm sure the btc network will be able to handle future transactions in bulk and speed even btc can be faster than the lightning network though.
Btc will be number one in every way someday.
member
Activity: 196
Merit: 10
The Experience Layer of the Decentralized Internet
February 10, 2018, 12:38:41 AM
#22
Now BTC do exist a lot of problems, but the thunder network deployment is still a certain amount of time, we need to do is wait, I'm looking forward to the thunder network can change the present state.
newbie
Activity: 149
Merit: 0
February 10, 2018, 12:29:27 AM
#21
Technology grows and improves with time. Blockchain is in its infancy, we have not scratched the surface yet. As we evolve, speed, adaptability etc will be increased.
member
Activity: 238
Merit: 10
February 10, 2018, 12:11:11 AM
#20
I really believe that bitcoin will continue to increase, Bitcoin will be able to achieve the required transaction speed and capacity with Lightning. The Lightning Network is where many in the Bitcoin community are hoping for the future of Bitcoin. With fast transactions, bitcoin makes the future come faster and it helps us to reach the goal it arrives faster.
full member
Activity: 392
Merit: 101
February 10, 2018, 12:01:00 AM
#19
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?



Without a doubt, it can. There are many people trying to innovate the transaction processes of cryptos even if they need to increase the rate of transactions fees. It is because the blockchain is somehow the core of the crypto market and people must invest time to improve it.
full member
Activity: 1210
Merit: 100
February 09, 2018, 11:48:59 PM
#18
yes, BTC will be able to solve the problem today and also the future, fork is one way to update the application, so the system can run back to normal.

You do not hesitate with the bitcoin system, because satoshi is already programmed bitcoin well.
copper member
Activity: 1050
Merit: 294
February 09, 2018, 11:40:40 PM
#17
Do we really think that the btc network is going to be able to handle the future transactions in bulk and speed even with lightning network ?


I really believe that Lightning Network is capable to provide the best payment solution for blockchain technology and bitcoin users if it will be implemented in the same way as it is proposed. And it is expected that we are not going to face any scalablity issues anymore in future after the implementation of Lightning network.
Pages:
Jump to: