/biz/ - Business & Finance

>>54244617
If you are asking about the adjustable blocksize, you should know that it has a maximum limit in monero, just like bitcoin, litecoin and almost every other cryptocurrency I can think of.

If you are wondering about the ledger just getting longer over time, note that the blockchain size increases linearly over time, while the cost of storage tends to decrease exponentially (or at least an greater-than-linear-rate). I don't see the (bitcoin, monero, etc.) blocksize being a problem at all as long as it stays below ~1TB by the end of this decade. After all, you don't need to store all the transactions in order to mine. You don't need to run a full node to send crypto. The only users that really need to store transactions for their daily operations are automated recipients, which are usually large businesses like exchanges and stores, which can afford lots of storage.

In monerod, there is a pruning flag that removes some non-essential data, and only stores about a third of the output signatures. There is also "sharding" which drops entire blocks, but this isn't implemented. The problem is fundamentally that you need to keep old transactions because they might be spent in the future. If you systematically delete old blocks, then you are basically deleting someone's money. I think is worse in a private cryptocurrency because you can't even be sure if an output has been spent yet.

The most extensive pruning/sharding I have heard of is in a proof-of-stake system called RaiBlocks, which stores the account balance at the end, so most nodes can prune the whole history before that. It takes advantage of the stakers' ability to agree on balance without showing inputs (not possible with PoW and pretty dangerous imo!). the structure of raiblocks is very different though, and I am not sure if I would be willing to hold any meaningful amount of money in it (or any PoS coin for that matter),

Just bought this because BNB went too far down the list.

Can't Binance set stop losses or anything? I'd hope this price will hold but I want some peace of mind and make sure I don't get ripped on this exchange

Is there anywhere that pumping and dumping is still legal? Like, a foreign nation or exchange?