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120 sats \ 2 replies \ @BTC_LN 18 Dec 2023 \ on: Liquid is not a scaling solution bitcoin
An important thing to know regarding Liquid is that the block size CAN BE increased to any practical size, without the need for the bitcoin community risking the base layer.
Since there is no fee pressure, the fees will likely not increase with more usage.
The blocks could be 400MB each in a few years, and since the block time is 1 minute, it could process 1,000 times more transactions compared to the base layer bitcoin. That's appr. 400M transactions per day.
And this block size increase won't affect the base chain negatively. The base layer decentralization will not suffer.
So, while Liquid has some added risks due to the federation needing to approve when you move from L-BTC to BTC, it still could be part of the solution for smallĀ and frequent amounts.
it can increase the block size, it is just a bandaid for their shitty architecture. you don't scale something with just a copy of it self. We replaced horses with cars, not more horses.
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I hear you, but what about this:
#356487
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