Post
Topic
Board Development & Technical Discussion
Merits 4 from 2 users
Re: Do you think the Lightning Network will succeed?
by
o_e_l_e_o
on 03/01/2022, 19:27:56 UTC
⭐ Merited by pooya87 (2) ,ETFbitcoin (2)
So there are about 15,000 nodes and each one would need to upgrade to 1TB hard drives?
It's not just storage, but also the bandwidth and propagation speed of larger blocks. You can see my post above about large blocks on BSV leading to frequent stale blocks and chain re-orgs. For you to receive a block from me, I first have to download it, validate it, and then send it to you. The larger the blocks the longer this takes. The longer this takes, the slower the propagation through the network. The slower the propagation, the more chance of another miner finding a block at the same height and causing a chain split.

So it would cost the network $375,000 and would probably gain at least 10 Billion in marketcap (just from the news stories of reducing fees)
Complete speculation.

and save 256k transactions per day at least a dollar per transaction (average transaction price is $2.25 currently)
Why do you keep repeating this lie? Average transaction price at the moment is 1-2 sats/vbyte, which is around 10-20 cents for most transactions.