Bob Burnett: Block Space Scarcity and the Need For Layer 2s to Scale
Coin Stories
Scarcity of Block Space and the Need for Layer 2 Scaling Solutions
This chapter discusses the scarcity of block space in Bitcoin and the importance of layer 2 solutions like Lightning and Sediment for scaling. It highlights the limited capacity of the base layer and the potential implications for high fees and restricted usage. The chapter also touches on the block size wars, decentralization, and the potential arguments for increasing block time.
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