Author

Topic: Scalability problems, on-orbit full nodes? (Read 584 times)

member
Activity: 112
Merit: 10
March 27, 2015, 05:52:09 PM
#4
Compared to armored trucks and hired guns, and all the other billions and even trillions that go into the legacy system we have now, scalability is a relative issue and funnily enough will become less of a problem if bitcoin does scale haha.
newbie
Activity: 6
Merit: 0
wow that is some gold info right there, I will check it in deep
Thanks!
hero member
Activity: 658
Merit: 501
The future is bright-


https://bitcointalksearch.org/topic/lightning-network-another-proposal-to-make-bitcoin-scale-970822
http://lightning.network/lightning-network-paper-DRAFT-0.5.pdf
https://www.youtube.com/watch?v=8zVzw912wPo
http://lightning.network/lightning-network.pdf
http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/

 45,000 instantly confirming transactions  per second and scale without bloat

and

Some recent changes made in Bitcoin core 0.10 paved way for pruning. Full nodes that only require 1GB of storage are set to be released in the next version 0.11.
newbie
Activity: 6
Merit: 0
Im just curious about this... I'm really worried about scalability problems and maybe if thousands of decentralized nodes are on-orbit we may have a bright future?
I know that its not a reliable idea because a "small group" of people will be the ones who send the nodes, so they will be centralizing the network in some way, right?

maybe the Lightning Network is a much better an reliable idea, but well I just hope that scalability will not be a problem in the future.
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