Can this be like done now though, and can you explain it like how 5 year old like me could understand? Because I feel like I'm not getting it right, you're saying that there should be validators that would only process older transactions and they can't do anything besides confirming those? Because the space that's allocated are based on validators right?
No. There are no validators at all. Everything works as it does now, the miners are the ones who process the transactions in the blocks.
We just added one more element to define the waiting queue, in addition to the fee, it is the transaction date.
And in this case probably forever, because there isn't an incentive anymore for new miners to join the duty. Fees have to increase when the network is congested, as that will work as an encouragement for potential miners to put more power to solve transactions.
The system was designed to work perfectly, and actually it is. There isn't much to change. I believe what can be done is to increase the network's power to work faster, but not the rules of the game.
I don't know if you know, but the network difficulty adjusts every 14 days. So it doesn't matter if there is 1 TH/hash or 1 EH/hash, the blocks will continue to be processed approximately 10 minutes apart.
This is another idea, a little wrong. The network does not need more hashing power to function. And security does not lie in having a lot of hash power, but rather in this power being divided among the largest number of people possible.
I'm not an expert in BTC blockchain, but I think that your idea doesn't make any sense.
Why separating 10% of the block, since we know that this 10% can still be congested with spam transactions?
My dumb idea about this would be to simply ban all small transactions on the blockchain. What's the point of moving 1 USD or 5 USD worth of BTC here and there? Bitcoin is meant to be "digital gold", so such small transactions don't make any sense. Ban all transactions below 100 USD and blockchain will be free of the spam. A true "digital gold" is being transacted only in big or medium amounts.
I know that this idea might sound stupid and a lot of Bitcoiners won't agree, but I can't see any other solutions(yes, removing the Ordinals is still an option, but sooner or later, the blockchain will get congested again).
If you want to send small amounts, just use altcoins.
That's another wrong idea. Bitcoin was not created to be "Digital Gold", but rather as a commercial currency. To combat fiat and the traditional financial and banking system.
What is happening right now is the total opposite. Higher rates than the traditional system, more time to process payments than the traditional system, more difficult to use for small holders and dedicated only to tycoons.
Suggesting to use other currencies instead of Bitcoin is an attitude that is completely contrary to the idea of making Bitcoin popular. No one goes to Bitcoin with this level of fees.
Regarding the use of L2 two, I think many are very clear about what is going on, I made these points clear:
Layer 2, in my opinion, has three problems:
1 - We move on to custody services, as it will be difficult for everyone to have it on their own and in their own channels.
2 - The fees are still there, but camouflaged. In other words, the person still has to pay a high fee to transfer from L1 to L2.
3 - There is no guarantee that L2 rates will not increase. With increased usage, channel operators and node have found an excellent opportunity to make money from fees. While miners still make a return on the base block reward, channel operators depend their entire return on fees.
For these reasons, I see it difficult for L2 to solve the problem. In 10 years, are we discussing moving transactions to a future L3? In 50 years, how many layers will we have?