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Skepticism Sunday #2 — July 28, 2024
(lemmy.dbzer0.com)
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
Scaling: if a lot of people suddenly have a need or want to use Monero, can it handle it? There is the dynamic block size, but no layer 2 to move transactions away from the chain. How many transactions per day can be handled before fees get to BTC levels? And how much would that grow the chain per day? It is my understanding that Full Chain Membership Proofs will increase the transaction size, so prefrebly add that to the equation.
Unfortunately can't handle at this moment.