So right, but the issue is that block size increases only get you a linear incre... | Hacker News

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		snapcaster on July 23, 2024 \| parent \| context \| favorite \| on: A Formulation of the Trilemma in Proof of Work Blo... So right, but the issue is that block size increases only get you a linear increase in transaction rates which doesn't really address the problem (would 50 t/s somehow resolve any blockchain congestion?). So you make your currency less secure, risk chain splits but haven't even really solved any problems

DennisP on July 24, 2024 [–]

If the hardware is improving exponentially, then increasing the block size on the same curve is also an exponential improvement.

Layer 2 is helpful but does not entirely remove the need for space on chain. In LN for example, every channel opening and closing uses block space.

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