3

With Bitcoin, miners are picky about which transactions to add to blocks due to the limited block size, opting for transactions with higher fees (larger transactions). This means micro/nano payments take a long time (if at all) to process on the bitcoin blockchain.

Can this happen on Monero ? Is there anything there to disincentivize mining nano/micro payments? I’m aware that the block size grows and that miners only know the range of the transaction amount but is this enough when monero scales up like bitcoin has?

dEBRUYNE
  • 15,417
  • 18
  • 60
  • 114
Zigglzworth
  • 587
  • 4
  • 11

1 Answers1

3

Partially.

Miners can't know who send how much to who. What miners do know is the fee associated to the transaction. One way miners can "select" transactions would be to prioritise higher fees, which is actually how a lot of cryptocurrencies work.

What miners can't do is prioritise transactions, on their own, to/from addresses. They would only be able to do so if the transaction maker gave them the tx-id.

With Bitcoin, miners are picky about which transactions to add to blocks due to the limited block size

This won't happen on the long-term with Monero due to the Dynamic Block Size which specifically prevents a Bitcoin situation from occurring.

Maxithi
  • 577
  • 2
  • 15