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Topic: The size of bitcoin has reached a two-year minimum (Read 99 times)

legendary
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Thus, Armin van Bitcoin is convinced that such figures have become possible due to such factors as batching (consolidation) of transactions in the work of a number of large bitcoin companies, the growing adoption of the SegWit Protocol, as well as increasingly frequent ofchein transactions (for example, in the Lightning Network).

Recall that the SegWit Protocol activated in the bitcoin network in August 2017 makes it possible to increase the block to 4 MB, thus refuting the statements of apologists of various forks of the first cryptocurrency that only their implementation can solve the problem of scaling.

Last year the network was mined the first block size larger than 1 MB, were subsequently extracted and a block size of 2 MB.
After bitcoin cash fork and the blocksize of bitcoin increased to the 2MB, Segwit designed to make the possibility of the all off-chain scalling development to the bitcoin.

it looks like people are still waiting for the lightning network but it will be tested by litecoin foundation through the litecoin protocol itself just like what already happened with segwit protocol.
member
Activity: 219
Merit: 11
Thus, Armin van Bitcoin is convinced that such figures have become possible due to such factors as batching (consolidation) of transactions in the work of a number of large bitcoin companies, the growing adoption of the SegWit Protocol, as well as increasingly frequent ofchein transactions (for example, in the Lightning Network).

Recall that the SegWit Protocol activated in the bitcoin network in August 2017 makes it possible to increase the block to 4 MB, thus refuting the statements of apologists of various forks of the first cryptocurrency that only their implementation can solve the problem of scaling.

Last year the network was mined the first block size larger than 1 MB, were subsequently extracted and a block size of 2 MB.
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