Bitcoin Forum
May 17, 2024, 01:12:36 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Yet another chainsize post... Maybe  (Read 277 times)
HeRetiK
Legendary
*
Offline Offline

Activity: 2940
Merit: 2091



View Profile
July 23, 2020, 08:12:38 AM
 #21

~
Which is also why it's critical that 2nd layer infrastructure becomes established by then to keep transmitting BTC affordable.

affordability of transacting bitcoin on any other layers still depends on the main chain fees because the coins have to move from main chain to the other layer first and then be settled on chain again. so there are two transactions in the process and 2 fees involved.

Of course! But if those 2 fees then cover, say, 20 or 200 instead of just 2 transactions it will be much easier to reach a balance between the interests of miners (ie. high fees per block) and users (ie. low fees per transaction).
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!