Can you please elaborate on the question I asked in the beginning of this thread what the innovation for Litecoin Black is?
Here's a short comparison chart a Moderator wiped up real fast
https://docs.google.com/spreadsheets/d/1ZdTwtR_S0net2iM9abTRkIX6b1dRn_PRAlnkBjo0gtQ/edit?usp=sharing
As I mentioned in the 1st Post that Litecoin Black is in fact a clone of Litecoin with the ability to send transactions faster and without having to worry about blockchain bottle-necking.
(ASICs can mine then leave and the difficulty wont get stuck like other coins causing transactions to freeze)
How do you prevent the bottle-necking from happening if in theory millions of users start using your protocol?
Litecoin's Difficulty re-target time is 3 days / 72 hours - would take a long time for their diff to adjust if a lot of miners left causing a bottle-neck in transactions
Litecoin Black's Difficulty re-target time is 10 minutes - would only take 5 blocks to adjust, allowing the blockchain to keep processing transactions
If you look at the 1st page of this thread @overlordcoin mentioned the DIFF going through the roof, a couple minutes later everything re-adjusted and was running smooth again
DIFF just went to the roof....
someone hijacked the coin?
someone hijacked the coin?
Sure about the difficulty re-target issue, but in general there are limits to blockchain capacity. There can only be so many transactions in a block as of today and yet projects advertise to scale beyond the sky.
Guess we'll see how things go in the future - if changes need to be made we will make them
We have yet to see a project that delivered on scalability promises
I do hope that Bitcoin or Ethereum has something to show by the end of the year.