No a cap on transactions has nothing to do with the size of the blockchain. It is the amount of transactions that are happening.
That answers my question. Thanks gweedo!
Topic: Bitcoin Blockchain size - ideas to reduce size (Read 2222 times)
That answers my question. Thanks gweedo!
No a cap on transactions has nothing to do with the size of the blockchain. It is the amount of transactions that are happening.
I am not a BTC developer and am speaking from the point of view of a user, so please excuse my relative ignorance with regard to code requirements and development.
If there was a cap on confirmations per transaction - say, 100 - would this be feasible, and would it reduce the size of the blockchain?
Is it correct to say that there is an incentive to NOT cap the number of confirmations because that would decrease the need for mining? If so, could there be a compromise and make the cap something like 1000?
I use the Bitcoin-Qt wallet and it's taking up 19GB on my HD. I know there have been improvements like compression, but how about a cap on transaction confirmations?
If there was a cap on confirmations per transaction - say, 100 - would this be feasible, and would it reduce the size of the blockchain?
Is it correct to say that there is an incentive to NOT cap the number of confirmations because that would decrease the need for mining? If so, could there be a compromise and make the cap something like 1000?
I use the Bitcoin-Qt wallet and it's taking up 19GB on my HD. I know there have been improvements like compression, but how about a cap on transaction confirmations?
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