Is there proper lighting implementation to allow for higher throughout?

Question

Pirate Chain Official (NO MIGRATION/AIRDROP) $ARRR 🏴‍☠️⛓️

Is there proper lighting implementation to allow for higher throughout?

What's the layer 2 stuff here to increase a clogged up network. Assuming of course it becomes actually useful to trade it with others

#blockchain #cryptocurrency #english #piratechain

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26.04.2024

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La Cartusia Автор вопроса

Bob 🤨
Here's a breakdown of Pirate Chain's transaction s...

I thought it merge mined with Litecoin and komodo not BTC?

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6 месяцев назад

Bob 🤨 · Accepted Answer

Here's a breakdown of Pirate Chain's transaction speed compared to Bitcoin and its approach to scalability: Transactions per Second (TPS): Pirate Chain: While there isn't an official, universally agreed-upon number, estimates suggest Pirate Chain's network can handle between 4-7 transactions per second (TPS). Bitcoin: Bitcoin's network can only handle around 3-7 TPS. This low TPS is a well-known limitation of the Bitcoin blockchain. Scalability Solutions: Unlike Bitcoin: Pirate Chain implements features specifically designed to address scalability limitations. Here are two key approaches: Zero Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs): This cryptographic technology allows Pirate Chain to compress complex transactions into smaller proofs. This reduces the amount of data stored on the blockchain and improves transaction processing efficiency. Delayed Proof-of-Work (dPoW): Pirate Chain utilizes a dPoW consensus mechanism. This allows it to "merge mine" with Bitcoin's blockchain, essentially leveraging Bitcoin's hashing power for added security while maintaining its own separate blockchain for transactions. Layer 2 Solutions: Current Status: Pirate Chain is still under development, and there's no official implementation of layer 2 solutions at this time (April 27, 2024). Future Potential: The developers might explore layer 2 solutions like Lightning Network (used with Bitcoin) in the future to further scale the network and increase transaction throughput. However, this is not a confirmed roadmap item. Important Considerations: Trade-offs: The zk-SNARKs technology and dPoW approach offer scalability benefits for Pirate Chain, but they also introduce some complexity compared to Bitcoin's simpler Proof-of-Work (PoW) system. Development Stage: As a relatively new project, Pirate Chain's scalability solutions are still evolving. Their effectiveness compared to Bitcoin's network might change over time. Overall: Pirate Chain offers some advantages over Bitcoin in terms of potential transaction speed due to its use of zk-SNARKs and dPoW. However, the exact TPS figures are estimates, and the technology is still under development. Layer 2 solutions are not currently implemented on Pirate Chain, but they might be explored in the future as the project matures.

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Is there proper lighting implementation to allow for higher throughout?

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