Post
Topic
Board Development & Technical Discussion
Merits 5 from 3 users
Re: A different approach to Bitcoin's scalability issues?
by
garlonicon
on 02/06/2022, 14:02:13 UTC
⭐ Merited by BlackHatCoiner (2) ,n0nce (2) ,ETFbitcoin (1)
Quote
Bitcoin now is scalable and can adjust to network condition
Increasing max block size is not what "scaling" means. If you can process M transactions, and it takes N bytes, then processing 1000*M transactions by using 1000*N bytes is not "scaling". It is the simplest "linear growth" and has nothing to do with real scaling. The "real scaling" is called "compression". For example, where you can handle N-of-N multisig by using a single signature, instead of N signatures. Or where you can compress a chain of A->B->C->...->Z transactions into A->Z transaction, that is also scaling. And that is the right direction for the next soft-forks.

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If it does not then the incentive to claim big mempool for miners is gone.
I think it is gone. Also because BCH and similar chains did it in a hard-fork way for no reason. They could create 1 GB blocks in a soft-fork way, and we can also do that, if it will turn out that no other way is possible. But as far as I know, there are better ways to scale things, so I think we won't need increasing the block size in the future. Another thing is that the max witness size is just a parameter that any node can set to anything, so from the code perspective, everything is ready, it is just a matter of reaching consensus if needed.