Topic: Time to roll out bigger blocks - page 2. (Read 1545 times)
When Bitcoin appeared in 2009, the capacity of each block of 10 minutes was 32mb which can be conversed to be 200tps, transactions per second. However, after that, the founder of Bitcoin Satoshi Nakamoto decreases the limitation to be 1 mb in order to prevent system to be attacked. From then on, the system of Bitcoin can deal with 7tps at most. By comparison with 1000tps of Alipay and 4000tps of VISA, it is little.
I'm assuming the text was just copy/pasta'd without using [quote] tags. But yep, needs to happen soon, despite what the vocal minority claim. The fallout from full blocks is negative publicity we don't need right now. This forum would be inundated with posts whining about confirmation times if the limit isn't raised.
Are you taking on a new persona these days or is Gavin giving up his account for something else? True story
I’m going to submit a pull request to the 0.11 release of Bitcoin Core that will allow miners to create blocks bigger than one megabyte, starting a little less than a year from now.
I will be writing a series of blog posts, each addressing one argument against raising the maximum block size, or against scheduling a raise right now. These are the objections I plan on writing about; please send me an email ([email protected]) if I am missing any arguments for why one megabyte is the best size for Bitcoin blocks over the next few years.
http://gavinandresen.ninja/time-to-roll-out-bigger-blocks
I will be writing a series of blog posts, each addressing one argument against raising the maximum block size, or against scheduling a raise right now. These are the objections I plan on writing about; please send me an email ([email protected]) if I am missing any arguments for why one megabyte is the best size for Bitcoin blocks over the next few years.
http://gavinandresen.ninja/time-to-roll-out-bigger-blocks
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