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200 sats \ 3 replies \ @orthwyrm 9 Jun 2023 \ on: Lightning using Phoenix vs Cardano using Exodus bitcoin
The only advantage I can think of here is that you can receive offline payments for cheaper than you could with on-chain Bitcoin, I guess???
Granted you could use literally any other coin in the same way. And this wouldn't be terribly reliable... Cardano's devs saw no need to implement a fee market, so their mempool just sorta clogs up and stops accepting new transactions during periods of heavy usage. ¯_(ツ)_/¯
lol, there is no fee market?
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Yeah... They instead opted for some formulaic method for determining fees:
So it's like a fixed fee, first come first serve kinda model.
The network stopped accepting new transactions a few times due to some NFT drops clogging the network a couple years back. I dunno if they ever fixed it, but I suspect not.
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lol, they have mechanism to update tx fees which results in a hardfork ...
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