Another coin bites the dust

in cryptoblurt •  4 years ago 

Relevant to recent discussions, such as fees on noise.cash earnings:

Another coin bites the dust: an analysis of dust in UTXO-based cryptocurrencies

Open access paper from the Royal Society Publishing - includes pdf to download.

Abbreviated Abstract

Unspent Transaction Outputs (UTXOs) are the internal mechanism used in many cryptocurrencies to represent coins. Such representation has some clear benefits, but [...] inefficiencies arise when wallets do not manage UTXOs properly when performing payments. In this paper, we study three cryptocurrencies: Bitcoin, Bitcoin Cash and Litecoin, [...] Our analysis shows that the usage of each cryptocurrency presents some differences, and led to different results. Furthermore, it also points out that the management of the transactions has not always been performed efficiently and therefore, the current state of the UTXO sets is far from ideal.

There you go! Enjoy the read.

More recent research and solutions may make more sense once the above analysis, written in January 2019, has been studied.


Please vote for my witness account @busbecq.
Can be done directly here.
Thanks!

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  ·  4 years ago  ·  

Great read from your citation alone. I'm not sure I need more of this. We are standing on the shoulders of giants. My today's giants are the wallets of bitcoin.com and electroncash.org

What about a good Litecoin wallet?

  ·  4 years ago  ·  

sounds like Nexo may be worth a look.
They have so many defi products, I assume they are absorbing txn fees to gain customers and absorb them thru them staking passive coins ;-)