I'm seeing more and more people getting transaction size limit while sending Monero. So what is the problem here ? Transaction size depend mostly on number of inputs and outputs, not amount.
I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption from users and exchanges. We can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.
"amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007" is needed for the mixing and is just fine. The problem comes when you are mining in a large pool and getting dust transactions few times per hour.I guess this is because of the amount to be broken down into smaller transactions, i.e. 123.4567 => 100 + 20 + 3 + 0.4 + 0.05 + 0.006 + 0.0007. I think this way will increase number of inputs enormously. If this is corrent, Monero need some serious improvements otherwise it will be struggle on getting more adoption from users and exchanges. We can't tell user to send coins in even amount of something like 100 XMR instead of 100.123456789 XMR.
We can't expect every pool to raise limits for the good of network, is an update needed at protocol level for this task ? I thought recent mandatory update with new fee was about to fix "dust transactions" problem ?
Larger mixing count -> bigger transaction.
The transaction size limit is not hard coded in the protocol - it's adjusting by itself, so it depends on the users:
More larger transactions close to the limit -> larger transaction limit -> bigger blockchain.
The transaction fee is currently hard coded, so whatever the transaction size -> same fee - this will be changed to larger transaction size -> larger fees.
We could expect the pools to raise limits - the same way they do it for Bitcoin, because sending you dust, which is more expensive to spend then the dust itself is not good for the users and they'll eventually leave the pool if this is not changed.
when can we expect a shiny featured wallet and faster blockchain. Any ideas ? Will we be able to send coins from one exchange to another without issues soon ?
It's already in the RPC API, so it depends on the exchanges now, not on the core devs.
