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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino Aug 14

      1/ Over past 30 days @bitfinex processed in terms of percentage of tx count [dep/wd] (for #bitcoin related transactions). 60% #Bitcoin (L1) 34% #LightningNetwork ⚡️ 5% @Liquid_BTC 1% RSK

      22 replies 81 retweets 445 likes
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    2. Paolo Ardoino‏Verified account @paoloardoino Aug 14

      2/ In terms of tx value [dep/wd] 98% #Bitcoin (L1) 1.5% @Liquid_BTC 0.45% #LightningNetwork ⚡️ 0.05% RSK

      6 replies 7 retweets 108 likes
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    3. Paolo Ardoino‏Verified account @paoloardoino Aug 14

      3/ This shows (at least in Finex's case) that: - LN is used a lot for micro-transactions - L-BTC is used for bigger transactions than LN as expected - BTC-L1 is still the most used transport layer - there is a lot of space for growth for L2

      9 replies 11 retweets 133 likes
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    4. Ferdinando M. Ametrano‏ @Ferdinando1970 Aug 14
      Replying to @paoloardoino

      Or, maybe, that there is no real need for a L2 yet. As I write, the mempool is empty (133 transactions), 1 sat/byte is enough to enter in the first block

      2 replies 0 retweets 0 likes
    5. {'私と一緒に火の散歩'}‏ @thechaz Aug 14
      Replying to @Ferdinando1970 @paoloardoino

      There is a real need for L2. We don't sit at the current mempool all the time. Go look at where it was in May. Beyond scaling, there are real UX advantages to the Lightning experience that on-chain just lacks.

      1 reply 1 retweet 9 likes
      Paolo Ardoino‏Verified account @paoloardoino Aug 14
      Replying to @thechaz @Ferdinando1970

      Seconded

      12:03 PM - 14 Aug 2021
      • 4 Likes
      • Mark @Bitfinex mutatrum Gee142 {'私と一緒に火の散歩'}
      0 replies 0 retweets 4 likes

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