Bitcoin News
By Steven Anderson
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Monero (XMR) Big Transaction Size will need Better Specs for Validation
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A Monero user transacted on the blockchain wanted to point to how some hex data can be very huge.
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Binaryfate tweeted: “I grabbed random XMR and BTC transactions from last hour and print their raw (hex) data.
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He also clarified stating, if you broaden the discussion beyond a mere *single* tx size, it would be fair to note: these two blobs of data do not provide the same added value to…
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Looking at the raw data one of the users stated, that on screen the XMR tx is ~4x larger. He further asked if it can be inferred that if translated to bitcoin blocks, a XMR block…
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Binary fate pointed to how On BTC chain, lot of transactions are added for "mixing" purposes, unlike the XMR chain where transactions are highly private by themselves.
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When someone asked, Why not hash it and save hash only. Then later, if want to use coins, needs to use this tx. Will be valid because tx data create the saved hash.
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BinaryFate replied, because you could double spend. You could send some coins to recipient B, after sending the exact same ones earlier to recipient A.
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In this regard, Sydney Ifergan, the crypto expert stated, “Whether by way of big transaction sizes or small transactions sizes Monero (XMR) so far have been delivering the most…
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Some of the users were concerned and want to know what effect does Monero having bigger tx size have?
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