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223 sats \ 4 replies \ @supertestnet 11 Dec 2023 \ on: Have Ordinals saved Liquid? bitcoin
There's something weird going on with some of those charts. Liquid's max block size is 4mb, just like bitcoin's. But those charts show blocks as more than half full when they only have 200kb of data in them. They should be showing them as 1/20th full.
Even if those transactions weren't using the segwit discount (which they are), liquid blocks still have room for up to 1mb of undiscounted data, so 200kb of undiscounted data should still display as less than 1/4 full.
But inscriptions, lightning channels, and submarine swaps all use the segwit discount, so I wonder if mempool.space is doing something extra sneaky to make the blocks look like they have more activity in them than they really do.
Anybody from team @Mempool here to explain 🤔 😅 ?
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Either way. It is seeing increased usage. Posted on Twitter abit ago about it.
The Current State of Bitcoin Sidechains (By Network Usage)
To be as fair as possible. (Since each chain has different block times) I went from Bitcoin block 820725 (7:56 PST) to block 820738 (10:08 PST) and pulled all the equivalent TXs for each chain.
Transactions (over 2 hour period)
Bitcoin: 49,533
Liquid: 1124
Rootstock: 989
Stacks: 779
One caveat*
This includes coinbase TX's. So you could remove 72 Liquid TXs, 144 Rootstock, and 12 Stacks block to make this more balanced.
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And is there any guestimate....no matter how wild.... how Lightning Network would fit in there?
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I'd have to look back through the River report on Lightning.
Lightning numbers are WAY WAY higher than these.
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