pull down to refresh
0 sats \ 1 reply \ @lightcoin 25 Mar \ on: Are Optimistic ZK Rollups the best solution to scale bitcoin? bitcoin
Rollups on their own are limited in throughput due to the block size limit on their parent chain. On bitcoin this is a theoretical max throughput of a few hundred thousand tx per 4 million WU block, which translates to about 50 tps. Compare this to Visa which does 10s of thousands of tps during peak load and you'll see we have a big gap to close. I think more likely is that rollups will work together with validia chains and payment channel networks (such as Lightning) to reach the level of scale required -- but this is not without some security tradeoffs. See also: https://lightco.in/2023/12/13/lightning-validia-rollups/
That ship sailed over a decade ago when people started building colored coins on bitcoin.
sure, devs can design a rollup with whatever capabilities or limitations that they want. although as we've seen with inscriptions and colored coins on L1 it is probably impossible to prevent people from building embedded consensus protocols aka "metaprotocols" or "client side verification" protocols if they have some way of storing arbitrary data in transactions.
While we have colored coins, these have never caught up and so I wouldn't say that the ship has sailed. Bitcoin is currently not crypto (where I'm using definition "crypto"="garbage"), but it's not as strong of a line as before because of ordinals.
Agreed that rollups provide some scale, but at most one order of magnitude and that's also hard to achieve in reality since they compete with all other stuff (and other rollups popping up now) for block space. Hearing the Citrea guys make some really bold (and naive) statements/claims doesn't fill me with confidence either.
So yeah, I think we will have to see. I'm happy to see that there are some reasonable paths to improve people's ability to transact and I'm unhappy that it will come with a wave of VC fuelled garbage.
reply