Jameson Lopp: “Prevalent Improvements” Made To The Bitcoin Network Result In Positive Impact
“Prevalent Improvements” Made To The Bitcoin Network Result In Positive Impact Reveals Jameson Lopp
It has been recently revealed that the Bitcoin network has attained a new update, which makes it far more efficient, while allowing one to save up to 75 percent of overall bandwidth reports AMB Crypto. Speaking on this matter is the Chief Technology Officer at CasaHODL, Jameson Lopp.
The said improvement is called Erlay, which was supposedly developed by the likes of Gleb Naumenko, Gregory Maxwell and Pieter Wuille. According to Lopp, Erlay has helped the Bitcoin Network like nothing else that has ever existed, calling the effects of Erlay, “prevalent improvements.”
Interestingly, it has been noted that the changes are not so apparent and will not be to users. Furthermore, the reduced usage of bandwidth has led to “more positive impact” shares Lopp on a Cryptocast Network, a YouTube channel devoted to sharing bitcoin and crypto related news.
In Every Good Exists Some Bad
There has to be some flaw associated with said improvement, right? Turns out there might be, but Lopp argues it’s so minor that it may not even count as a concern. In particular, he revealed the downfall as being “slower propagation across the network,” reports AMB Crypto. All this being said the CTO trusts that together, high efficiency and saved bandwidth can easily outweigh the downfall.
Here’s as per his quotes:
“The protocol was massively redundant and robust, and you are very likely to get [your] message out to the entire network very quickly, but you would also be sending a lot of it back and forth.”
What are your thoughts on this recent improvement? Do you think this will help the Bitcoin Network attract more consumers given known flaws with its network, i.e. scalability issues? Let us know in the comments below?