[2016-04-18] Lightning Network Could Be Bitcoin’s Scaling Solution

[LiteCoinGuy]

Lightning Network Could Be Bitcoin’s Scaling Solution

The days of near-instantaneous payment seem like something of the science fiction genre. Yet, recent undertakings in the bitcoin industry are working on solutions which may allow billions of transactions per second to be made in a model similar to the routing system employed by today’s internet infrastructure. If bitcoin is capable of scaling to billions of transactions per second by using this routing system, transactions could become as seamless as sending an email today.

https://diginomics.com/lightning-network-bitcoins-scaling-solution/



LN is a good start, but i guess we need trilllions of transactions in a few years 

[1715323378]

1715323378

[Carlton Banks]

may allow billions of transactions per second

Lol, does anyone remember the 2MB 2MB 2MB morons? They wanted to scale up to the grand total of.......... (drum roll).............. half a million per second. And this concept doesn't even require a blocksize increase (increasing the blocksize literally does not qualify as scaling solution, but as a throughput solution instead; blocksize increases are simply an extension of the same un-scalable paradigm, something Satoshi acknowledged in describing payment channels in the original white paper)

[eyeknock]

Lets see whats happens in the end, but seems like things are going in the right direction, i feel like the next months will be very excited for the bitcoin world, that amount of transactions per second is something that bitcoin needed  in order to be more big than expected.