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this post was submitted on 22 Jul 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Monero, XMR, crypto, cryptocurrency
founded 1 year ago
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To be fair, that's not too bad. I mean, we only have about 25,000 transactions per day right now, and so we've discovered that this is an issue far in advance of when we will likely be needing it, which is always helpful. Thank you to the great people running the stress net. I am not one of you, but I salute you and your work. Thank you for your service. I am, however, in small ways working with other projects to hopefully help move the community forward.
The issue is that if there is a flood of transactions, like an attack, it will impact the network. Hopefully the devs can implement fixes which can allow us to hit 1 million TX per day with no issues.
If attackers know that they can cripple the network with a particular attack then we are in a bad position. It would be very expensive to flood that many transaction on mainnet, but it is possible for someone with deep pockets.