RE: Seeing the forrest from the BTCs

No - if you read the initial papers, Satoshi points out that most nodes need only perform "Simplified Payment Verification" to check for double spending, which only requires having the chain of block headers - this only requires syncing KBs, not GBs.

- Dan
________________________________________
From: Anders Rundgren [anders.rundgren.net@gmail.com]
Sent: Wednesday, January 21, 2015 10:22 PM
To: Manu Sporny; public-webpayments@w3.org
Subject: Re: Seeing the forrest from the BTCs

On 2015-01-21 19:00, Manu Sporny wrote:
> On 01/21/2015 04:42 AM, Melvin Carvalho wrote:
>> My current focus is a layer on top of the block chain to allow
>> transactions to scale from 5 per second to about 50,000 per second
>> using a commodity server.
>
> +1000 - great, if that works, I can assure you that we'll be all over it. :)

If I understood what Melvin wrote in another posting a while ago, the
solution is aggregating transactions which is possible but also points
to a severe limitation in the entire block-chain concept.

Can anybody verify my fear that there's a major scalability issue here?

Anders

>
> -- manu
>

Received on Thursday, 22 January 2015 07:34:51 UTC