Re: Addressing Block size and occasional mempool congestion
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This was suppose to address the issue, but it doesn't have a say in the size of blocks either.
If you want to solve the problem of scalability, then the perfect solution is when you don't have to care about things like the maximum size of the block. Then, it "scales": if you can do 2x more transactions, without touching the maximum block size, then it is "scalable".All corrections noted.
But from the reply above, was this not what SegWit was implemented for ?, Which I think it worked to some extent but could not solve the problem completely.
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but what's now left for others like myself rather than to sit and wait on the queue along other transactions that are available on the mempool ?.
If you need some technical solution, then you need a better code. Then, you have two options: write a better code, or find someone, who will do that.Coding?. That's literally a new chapter for me after learning as much technical related concepts as possible. I guess my transactions will be sitting at the mempool for the time being
, Though, I hope to go into that area someday.Quote
Transaction joining, batching, and having more than one person on a single UTXO in a decentralized way.
Just learnt something new.
Batching is not bad at all. I think this might be effective most especially on exchanges that wants to process multiple transaction request at same time.
1. What do you think is a possible solution to this problem?.
I've seen some people focus on single approach (such as only focus on LN or only focus on block size increase). But IMO we should accept various method to mitigate the problem, such as making OP_FALSE OP_IF ... OP_ENDIF non-standard, increase block size and use LN/sidechain (if it match how you use Bitcoin) altogether.
All corrections noted.
Most people have been left with no choice than to master the use of LN. Due to some technicalities, I am not sure if everyone might want to learn it except the congestion matters gets out of hand, forcing majority to learn. Good choice.
Increasing size of blocks is of course the leading solution which lots of people have doubts on. Don't you think increasing size of blocks would affect mining?, thereby requiring more mining powers. Sorry for asking too many questions, Can you please clearify me on this?.