Background
I’m exploring methods to encourage mainstream, on a regular basis adoption of Bitcoin amongst non-technical customers. Whereas Bitcoin is closely seen as digital gold or a retailer of worth, the common particular person usually finds the technical limitations and lack of every day sensible utility intimidating.
I lately examine a Blockonomics Product Replace detailing how native textual content and message looking has been built-in into their blockchain explorer, making embedded Bitcoin messages simply searchable. This bought me enthusiastic about whether or not data-carrying capabilities might be leveraged to drive human-centric utility.
The Query
What are the technical and financial implications of leaning into information/message utilities (like searchable on-chain communication) to drive shopper adoption, relatively than focusing purely on monetary transactions?
Particularly, I’m concerned with:
- Scalability & Charges: How does encouraging customers to embed and search textual content messages have an effect on UTXO set bloat and general block house competitors?
- Layer 2 Alternate options: Is looking for “on a regular basis utility” on the bottom layer basically flawed in comparison with using the Lightning Community or particular L2 protocols for information/messaging?
- Group Alignment: Does the developer neighborhood view textual content/information utility as a legitimate vector for adoption, or is it closely discouraged attributable to optimization priorities?
I might recognize any insights into the technical feasibility or previous consensus debates surrounding such a blockchain utility.
Steered learn: https://insights.blockonomics.co/product-update-native-text-search-arrives-on-blockonomics-search-making-bitcoin-messages-easy-to-find-and-read/
