Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin Vs Monero - Privacy as the world becomes more dystopian
by
Sipizter
on 25/11/2023, 18:16:28 UTC
⭐ Merited by barto123 (1)
Also scaling is another issue, Bitcoin fees are 1000x Monero fees.


Because Bitcoin is used 1000x more often than Monero. If Monero would reach the limits of its capacity, it would have high fees too. And since Monero is not using any different blockchain architecture that would make it more efficient than Bitcoin with block space, you can't say that it's more scalable just because the devs chose to have higher block size cap. Raising the size cap is trivial, dealing with the consequences is not.

This is not true. Monero's broadcasted transactions per second are typically 5 - 10% of Bitcoin's transactions. Sometimes reaching as high as 20%. At the time writing this Monero has 0.29 tx/sec where as Bitcoin has 3.25 tx/sec. This is a nice site to see real-time statistics in comparison: https://txstreet.com/v/xmr-btc