Post
Topic
Board Altcoin Discussion
Re: Anonymity
by
smooth
on 10/08/2014, 06:37:38 UTC
ring signatures used in coins like monero cause blockchain bloat making them unusable for mainstream adoption...so no...XC is what your looking for, read it and weep if your not invested already https://bitcointalk.org/index.php?topic=630547.0  Roll Eyes


Can you explain a little about mainstream adoption and its compatibility problem with the ring signatures?

Imagine 2 blockchains processing the same amount of transcations. Now Chain 1 is running with ringsignatures and Chain 2 is not.

Now lets say that every year 500 GB of transaction data gets produced and no blockchain pruning and shrinking is available.
After 1/2/3/4/5 years
Chain 1: 750GB/1.5 TB/2.25TB/3TB/3.75TB
Chain 2: 500GB/1TB/1.5TB/2TB/2.5 TB

And this is under the best case scenario that ringsignatures only produce 50% bigger tx. This number can be higher!

I don't really find it that bad. People will still be able to run nodes no problem and regular people can use thin clients. Assuming that standard Bitcoin style thin clients work with ring sig tech. I assume it does but I don't know.

How do thin clients work?

In general terms, you retrieve parts of the block chain you need from a node or server instead of storing the whole thing yourself. There are several different ways of doing that with a range of security and resource compromises. Most users of Bitcoin today are using lightweight wallets (or web wallets).