Post
Topic
Board Bitcoin Discussion
Re: ToominCoin aka "Bitcoin_Classic" #R3KT
by
BitUsher
on 13/02/2016, 13:21:15 UTC
Good thing we have better solutions than simply increasing the blocksize. The blocksize limit is already inspiring innovation to increase capacity without costly tradeoffs and we haven't even seen a fee market event occur yet....

Meanwhile ... 21 releases better code using the new CLTV opcode to setup a micro-payments channel to dramatically increase capacity with no need for a blocksize limit increase, and no added network tradoffs. Works with any device and free to use.

https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.t2iij7v71

This will not be as inexpensive and powerful as the lightning network but is a great solution to resolve current capacity "problems" immediately.