One of the challenges that face the bitcoin community, it is the scale of the speed of the network. You’ll want to, on the one hand, you don’t have to make concessions in the areas of centralisation, however, extra speed is always nice.
You’ve got various factions within the bitcoin space and beyond. What is the best practice for scaling up? The views are distributed.
In addition to that of the bottom layer, slowly but surely, also, it is optimized, there is a Lightning Network (LINK) for a single bitcoin. This is a second layer to bitcoin, where you have a lot more quickly bitcoin can be sent without the surface load.
Another possibility is to use the transactiesnelheid to increase and larger blocks. There has been bitcoin, cash started and after the split on August 1, 2017. Messari has the two solutions adjacent to each other. And what do you find? Bigger is not always better.
Contents
Bitcoin blocks and transactions
First, a few facts and figures. The bitcoin blockchain is the maximum size of a block of approx. Is 1.2 MB in size. according to the blockexplorer on Blockchain.info. Every ten minutes a new block with approx. 500 transactions.
No SegWit the network is approximately three to seven transactions per second to process Blockchain.info it is under pressure to SegWit, it’s red).
Might be apples and oranges, but the VISA network, claims that over 24,000 transactions per second to be processed.
See also: Segregated Witness SegWit) as schaalbaarheidsoplossing
Bitcoin Is Cash
Bitcoin is cash, has been in existence since August 1, 2017 as the separation (“hard fork” of the original, single bitcoin ledger. Just like with the BTC, the maximum number of BCH to 21 million units.
One of the issues: the size of the blocks, of which on Reddit is infinite on the debate is. In summary, increasing the size of the blocks, it is necessary to make more transactions to be processed. This is the starting point of the network, from bitcoin to cash.
The BCH chain now has all of the blocks of 8MB, on paper that is at least eight times greater than that of the BTC chain as a whole. In practice, this leads, however, to the mostly-empty-blocks-with very few transactions. The use of the network of the BCH is simply a lot less.
Bitcoin is cash, it is just far less popular. That is, you get to fill it out.
The website txhighway.com set up by a member of the Bitcoin Cash in the community speak in regards to the story. Metaphorically speaking: Bitcoin is like a very busy main road, whereas the Bitcoin to Cash a achtbaansweg is, where there are few cars to make use of them.
The rules of bitcoin will not change that fast. This is one of the most valuable features of the network. Where are the people at BCH for their new set of rules for big blocks of it quickly by turning on the button, holding most of the bitcoiners are simply the old ones with.
The larger blocks will facilitate the decentralization. It will be more expensive for a node to run it when there are more processes to be per-block. So less and less people are participating in the network, and this is something that you will want to avoid. Because of that, it is another important feature of bitcoin: decentralization.
This past week was the lead developer of Bitcoin is Cash, and Amaury Séchet, on Reddit, admitting that 2MB is provisional, it is the maximum block size in practice.
Lightning Network
As of march 2018, it consists of Lightning Network (LN), and some will see it as one of the solutions to the schaalbaarheidsprobleem of bitcoin.
IN acting as the ‘offchain’ transactielaag that is independent of the base layer. The validation of the transaction takes place in a separate ‘payment’ channels to the base system. These transactions are the “savings” in the channel before them, and after a certain period of time to the base to go to.
In theory, you can do one once a channel is open, click the Lightning Network, then everything in your life to make transactions without the surface load. If your channel is closed, and the bitcoin on the surface, to the correct address.
From the database of the Messari will roll to the following equation, in which the growth of the network over the past twelve months under review was taken.
Ok, the two networks are, in fact, is a ‘different beast’, which is why the variables are different.
The variables in the BCH, are: transactions, volumes, revenues (denominated in BTC), and an active interest.
The variables IN are: number of channels per node, the total number of nodes, and a unique channel and network capacity.
Messari, on the basis of these variables, and attempted to evaluate the activity of the networks to be summarized.
In conclusion, it addresses the less-well-off, for the bitcoin cash in which all the variables have a downward trend in the show. Both the number of transactions, as long as the volume is decreased. Also, the income and the number of addresses is decreased.
In the LN, we can see a trend. The number of channels per node, the total number of nodes, and a unique channel to be increased. It is notable that the network is seven times as great as from september 2018, an increase of 738%.
Both IN to as BCH (and, secretly, bitcoin is, itself, too) are still in space. But for the time being, it seems to build on bitcoin’s better to work on than the fork, and the developers are trying to do.
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