Topic: Blockchain - limit - page 2. (Read 1342 times)
It will get too big one day but probably, hard drives and SSDs would be much cheaper so everyone would still be able to afford running a full node. The reason why most people don't support bigger blocks is this, people will no longer be able to run a node and only big companies will be able to so, so the network will be less decentralized and we don't want that.
The size of the blocks in which bitcoin transactions are stored are around 1megabyte in size. So around every 10 minutes when a new block is found 1mb of transactions are added into the blockchain database. This is not that much data overtime as so far the entire bitcoin blockchain is less than 170gigabytes which easily fits on a hardrive. However storage problems could be an issue if the blocksize were to be increased as some people believe should be done which is why bitcoin cash was formed. I however personally support smaller blocks as currently there is no need to make them bigger so why should we. Especially with lightning networks transactions could be moved off chain with payment channels and only once the channel is closed would the transaction be placed in the blockchain.
Always glad to see more interest in Bitcoin!
Always glad to see more interest in Bitcoin!
Hi guys,
all the transaction are safed in the Blockchain, how is it made that the blockchain won't be "to big" one day?
all the transaction are safed in the Blockchain, how is it made that the blockchain won't be "to big" one day?
Jump to: