Today we are joined by John Light to discuss how the novel introduction Validity Proofs to Bitcoin could increase mining fee revenues. We also get into the costs for full nodes and if there’s a silver bullet scaling solution.

https://hrf.org/zkrollups

John Light: https://twitter.com/lightcoin

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

00:27 Intro

01:08 Human Rights Foundation Grant

03:41 What's the problem?

06:29 Validity proofs

11:40 Architecture needed to work

14:07 Scaling vs Tx throughput

17:04 What's this mean for miners?

22:23 Higher throughput & cheaper fees?

28:12 Burden for full nodes

38:44 Full node storage costs

45:12 Other solutions

52:52 Promoting new optionality

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