The extra folks on this planet that may use the Bitcoin community as a long run financial savings expertise, the higher. This requires that an individual be the proud proprietor of a personal key than can (ultimately) unlock a UTXO.
I do know we will not make blocks sufficiently big to provide 8 billion folks their very own UTXO. We simply do not know of a technical answer that permits all people to make on chain transactions. The Lightning community helps with scaling funds however it does not essentially scale customers of the bottom layer.
Satoshi had talked about SPV nodes utilizing “fraud proofs” to detect invalid blocks in order that there would solely actually must be just a few full nodes. Nevertheless it looks as if no person’s fairly figured this out?
What’s being labored on to assist there be as many customers of the Bitcoin base layer as potential? Or can we simply await Moore’s regulation to catch up after which perhaps we enable larger blocks so that everybody can self-custody?
