Lightning network seems like the next logical step, there are places that started to use it and I am sure many of the big exchanges use it but still charge old prices to people. There is one local place that I use to send fiat to my bank account that charges 0.001 bitcoin for withdrawals and I am sure it costs them a lot lot less than that for each withdrawal and most of the time my withdrawal is send via couple transactions together which drops the costs even less.
With the lightning network becoming more and more popular the transactions will be a lot quicker and a lot cheaper, that way next time bitcoin price increases and the hype happens like 20 thousand dollar times, we will not have troubles on blockchain being too heavily loaded and slow and expensive anymore. Aside from that there are nothing new happening since we are still not adopting lightning network and go beyond capabilities of it, we will probably see something new if we force lightning network to max capacity.
Topic: Trading in theory (Read 152 times)
Are there any improvements that could be made to how bitcoin propagates it's transactions and blocks? If so, what would you suggest?
I really do not know… But I am pretty sure to create a lot of hard forks - bad idea.
Are there any improvements that could be made to how bitcoin propagates it's transactions and blocks? If so, what would you suggest?
I really do not know… But I am pretty sure to create a lot of hard forks - bad idea.
Are there any improvements that could be made to how bitcoin propagates it's transactions and blocks? If so, what would you suggest?
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