not what Graphene is about. Graphene help nodes communicate blocks faster because most of them have the same mempool of TXs. So you don't have to re-download all the TXs in the block.
Anyway I hope you understand this ELI5 I gave you. If not, please reply and I'll try it another way. All the best guy
LN is coming out in 18 months
$275 million a DAY. That's probably more money in one day than I'll ever see in my entire life
More efficient block propogation resulting in less fees due to more transactional data able to fit per block due to less traffic overhead.
The main reason for Graphene is to allow for a more efficient block propagation. Nothing to do with fees.
More efficient block propogation resulting in less fees due to more transactional data able to fit per block due to less traffic overhead.
If you look at Figure 4 from page 7, you'll see a chart that shows there is more space per node for transaction data.
Also on page 6, "When the current topology is used, Graphene reduces traffic to 60% of the cost of Compact Blocks (or to 10% for total traffic, which INCLUDES transaction data)."
I don't think it makes blocks faster at all, it makes blocks more efficient meaning it uses less traffic overhead (which means reduced fees). Show me where it says Faster Blocks
Saying it won't have much of an effect would be better (but I fail to see how it won't change it greatly), even at a minimum amount, there would be some change expected
To say it WON'T reduce fees on BTC's blockchain without any justification is incorrect. "Graphene reduces traffic overhead by reducing block overhead" - from Whitepaper, by 10x less
Which is why big blocks already solve the problem for BCH. But for BTC, they can just as easily implement graphene as well, leading to 10x reduced fees on their blockchain.
BCH uses Graphene and big blocks, while BTC chose to go the lightning route. I'm saying it makes no difference for BCH, as we are already paying 1 sat per byte. BTC however has mSats
Obviously they're different technologies, however the main purpose of their implementation is for reduced fees. There'd be no reason to implement these technologies otherwise
Let's say Graphene is implemented. We are already paying 1 sat per byte, so this means it won't even reduce our fees. Also BTC's Lightning apparently has an mSat amount (0.001 sats)
Aumary is the one who created BCH in the first place and he is the paid saboteur?
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