How does BTC scale without larger blocks and giving up security?
#asknostr
Discussion
Also interested in an answer on this.
Monero, Litecoin, and doggie coin all seem to scale better than BTC but I've never been able to get a clear explanation of how they do it.
Last time I asked, someone explained a cool mechanism Monero uses for managing incentives and costs, but no actual explanation of how it gets the result of beating Bitcoin.
I've also heard these other projects are lying about being able to scale better than Bitcoin, and they just appear to scale better because they're smaller. That fits with nobody telling me how they actually scale better, but it doesn't fit with the actual numbers in my view - doggie coin seems to have plenty of transactions, I'm just not quite sure how this all adds up.
Protocols scale in layers. The base layer is design to perform specific operations.
Your explanation appears incorrect in light of the existence of Monero, Litecoin, and doggie coin
What’s your thoughts on how many layers will be needed for BTC to successfully work?
The implementation of layers for the applications that will inevitably form what you may refer to as the entire protocol stack will be determined by creative technological revolutions that we cannot even yet comprehend, based solely on the fact that we are currently only in 16 A₿….aka: we are still early.
In the same way that 16 years after the ARPANET [DARPA] initiation around the 1960s there was no full comprehension (as we know it now) of how SMTP would grow and be widely used from the 1980s onwards; as an emergence from its predecessors in the 1970s - we are going to have similar developments on this paradigm shift.
When tried and tested solutions are frictionless enough for grandparents to adopt them, then the visibility will begin to become even more apparent.