Post
Topic
Board Speculation
Re: [WO] Bigblocker stupidity
by
Richy_T
on 28/04/2021, 06:15:10 UTC
Do you have a citation for that?

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.
...

To me this sounds like we're already just 133x away or two orders of magnitude from covering whole world wide population. So at current stage should be enough capacity to meet current needs with LN. How do other blockchains (lol) compare in regards to being able to cover whole human population?

I'll just bold up a couple of parts of that myself. Again, take a gander at how LN works and see if you think only two channels will be sufficient unless massive centralization occurs.