Why Rollups Could Be Important For Bitcoin Miners | Joh Light | The Mining Pod

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 MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF Fountain https://bit.ly/3NeNTec RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD FOLLOW Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices