Bitcoin blocksize less than the size of a floppy !?
Do core developers really believe that a block size of 1MB is sufficient for a global currency when it is fully adopted? It is less than the size of a floppy disk to record nearly 10mins of global transactions!? It does not matter if lightning succeeds or not, the bottom line is that the artificial and honestly ridiculous block size limit has almost killed Bitcoin scalability. I am not pro bch or anti btc, I am just a normal guy who wants to see crypto succeed. At this moment though, Bitcoin cash is the clear winner.
Mike Hearn: “If the Bitcoin community doesn't establish systems for containing this conflict it will arise again over some issue that appears superficially different to the block size debate, but underneath looks much the same.”
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The Bitcoin block size limit is a parameter in the Bitcoin protocol that limits the size of Bitcoin blocks, and, therefore, the number of transactions that can be confirmed on the network approximately every 10 minutes. Although Bitcoin launched without this parameter, Satoshi Nakamoto added a 1 megabyte block size limit back when he was still the lead developer of the project. This translated ... Weight units are a measurement used to compare the size of different Bitcoin transactions to each other in proportion to the consensus-enforced maximum block size limit.Weight units are also used to measure the size of other block chain data, such as block headers.As of Bitcoin Core 0.13.0 (released August 2016), each weight unit represents 1/4,000,000th of the maximum size of a block. The size of the full Bitcoin blockchain exceeded 300 gigabytes of data on September 19, according to Blockchain.com. This is the size of the full Bitcoin transaction history for the past 10 years. It’s also the amount of information full mining nodes need to download and keep on their hard drives after synchronizing with Bitcoin’s network. Bitcoin's blockchain now "weighs" over 300 ... Blockchain Size (MB) The total size of the blockchain minus database indexes in megabytes. 30 Days 60 Days 180 Days 1 Year 3 Years All Time Raw Values 7 Day Average 30 Day Average The total size of the blockchain minus database indexes in megabytes. The total size of the blockchain minus database indexes in megabytes. Produkte. Brieftasche Crypto kaufen und verkaufen. Börse Professioneller Handel. Explorer Live-Daten, Diagramme und Transaktionen. Bitcoin kaufen Handel. Gesponserte Inhalte. Währungsstatistik. Blockdetails. Blockchain-Größe (MB) Durchschnittliche ...
What will you do if Blockchain size on Bitcoin Core software is more bigger and bigger in future? it will occupy a lot of your disk space, so we need to reduce the Blockchain size with prune ... What is Bitcoin? Follow Evander Smart, Bitcoin journalist, author and video producer on a journey into Bitcoin, "The Future of Money" In these videos, learn Bitcoin facts, tips, lessons, and the ... Thomas Lee reflections on the size of the Bitcoin market and the number of users. Blockshow Event November 2019. THIS IS AN EXTRACT FROM ORIGINAL VIDEOCLIP T... Top Bitcoin Core Dev Greg Maxwell DevCore: Must watch talk on mining, block size, and more - Duration: 55:04. The Bitcoin Foundation 19,937 views If you use responsible risk management, you won't be stressed out if a trade doesn't go your way, and you won't feel the need to stay glued to your computer ...