Post
Topic
Board Bitcoin Discussion
Re: big transaction fee in Bitcoin , really down the future of btc ?
by
Lauda
on 12/06/2017, 10:53:42 UTC
If so, that, as to me, proves it pretty consistently that LN solves the issues that Bitcoin now has.
-snip-
This is basically what the LN site claims
Whitepaper section 12: https://lightning.network/lightning-network-paper.pdf
Quote
If all transactions using Bitcoin were conducted inside a network of
micropayment channels, to enable 7 billion people to make two channels
per year with unlimited transactions inside the channel, it would require
133 MB blocks (presuming 500 bytes per transaction and 52560 blocks per
year). Current generation desktop computers will be able to run a full node
with old blocks pruned out on 2TB of storage

Note: This is somewhat different today due to e.g. Segwit on testnet.