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Showing 8 of 8 results by hknot
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Topic
Board Beginners & Help
Re: A Beginner's guideline to Bitcoin Lightning Network
by
hknot
on 08/06/2020, 13:57:08 UTC
Hi guys,
I would like to ask one question, cause I am a little bit confused. The question is about payment channels and their direction. Is LN channel bidirectional? I read on the Internet tha channel shoul be but I am not pretty sure, if It has been developing or if it has already worked.

Example:

1) Bob opens a 1BTC channel with Alice and sends her 0.5BTC. If Alice wants to send Bob 0.5BTC may she uses the same channel or it is just onedirection channel and she has to open another channel which is in direction Alice->Bob and use this for paying Bob.

2) May Bob and Alice open just 1 channel where both fund 1 BTC so the total balance of the channel will be 2 BTC or the only possible way is that Bob opens channel with Alice where he funds 1 BTC so the total balance will be 1BTC and Alice has to opend channel with Bob, where she fund 1 BTC?

Thank you veru much for response
Post
Topic
Board Altcoin Discussion
Topic OP
Ethereum throughtput
by
hknot
on 07/04/2020, 19:54:31 UTC
Hi everyone,

What is the current throught put of Ethereum, I found only a few articles which mention  15tps. is that correct ?

And my second question is. What Ethereum has already done for improving scalability ? I know that Sharding was implemented, is there anything else ?
I read something about Plasma and Raiden have it been implemented yet ? or those two are just proposals ?

Thank you very much for your help.


Post
Topic
Board Beginners & Help
Re: A Beginner's guideline to Bitcoin Lightning Network
by
hknot
on 14/03/2020, 13:06:50 UTC
Hi guys,
I am just curious, how it is possible, that LN is implemented without softfork ( I know that thanks to Segwith LN is implemented) but what is the proces of implementation ? how does it worked ? Someone (Bitcoin developeers??)  just did an upgrade for wallet and only one point which has to be done is to upgrade wallet (or the provider has to upgrade wallet) and than you are free to use LN. Or what is the process of implementation ? Thank you very much.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Scalability
by
hknot
on 09/03/2020, 22:17:18 UTC
Hello guys,

I have just one  question. I am collecting some information about Bitcoin Scalability for my school work. Can please someboy write me all methods which are considered as Bitcoin scalability solutions ? when I try to google it everything what I found is:
- Hard Fork - change block size
- Lightning Network
- Sharding

Is there any other methods which might solve the bitcoin scalability problem ?

Thank you.  
They seem to fall into two broad categories. on-chain and off-chain. on-chain scaling requires the developers to change one of Bitcoin's properties such as block size limit, transaction format, transaction signature format and etc. while off-chain scaling refers to approaches that increase the utility of the network without touching the blockchain. for example batching multiple payments into one transaction, virtual payments within the system of a custodian such as Coinbase, payment channels or lightning network, sidechains and etc. Off-chain is backwards compatible while on chain scaling isn't. On chain code is simpler and easier to maintain.


I know that LN is considered as a Off-chain , what about sidechain Pegged may it be also considered Off-chain ? I find many resources on the internet and the opinions do not match. Someone say that it is a off-chain solution but someone consider it as a third possibility : 1) On-chain 2) Off-chain 3) Sidechain
Post
Topic
Board Bitcoin Discussion
Topic OP
51% attack
by
hknot
on 29/12/2019, 17:19:22 UTC
Hello guys, has it ever happened that some pool had exceeded 51% of Bitcoin hash-rate? I tried to find some information on the Internet, but there are many articles which are not in the contrast so I am not able to find out which of them are correct and which are just hoaxes. Thank you
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Scalability
by
hknot
on 18/12/2019, 15:50:34 UTC
- Hard Fork - change block size
- Lightning Network
- Sharding

Is there any other methods which might solve the bitcoin scalability problem ?

Are we talking theoretically, or in practice? Because I don't think sharding will ever be implemented in Bitcoin. It completely trades off redundancy -- the backbone of the P2P protocol -- for scale. Ethereum is being forced to consider it because of its unsustainable throughput demands, but the "decentralist" camp won't let it happen in Bitcoin.

Maybe we should start by identifying the exact issue. How do you define this "Bitcoin scalability problem?"

Thanks for your comment. I would describe Bitcoin scalability problem as (correct me if I am wrong) - inability to process a large number of transactions (like for example VISA). which result in impossibility to implemented Bitcoin as normal daily payment method for large amouth of people.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Scalability
by
hknot
on 18/12/2019, 15:44:31 UTC
Thanks everyone for your advices! appreciate that
Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin Scalability
by
hknot
on 15/12/2019, 22:02:14 UTC
Hello guys,

I have just one  question. I am collecting some information about Bitcoin Scalability for my school work. Can please someboy write me all methods which are considered as Bitcoin scalability solutions ? when I try to google it everything what I found is:
- Hard Fork - change block size
- Lightning Network
- Sharding

Is there any other methods which might solve the bitcoin scalability problem ?

Thank you.