What Is the Bitcoin Block Size Limit? – Bitcoin Magazine

Bitcoin Blockchain Grows to 300 Gigabytes in Size

Bitcoin Blockchain Grows to 300 Gigabytes in Size submitted by SaneFive to Bitcoin [link] [comments]

Bitcoin Blockchain Grows to 300 Gigabytes in Size

Bitcoin Blockchain Grows to 300 Gigabytes in Size submitted by SaneFive to CryptoCurrencies [link] [comments]

Bitcoin Blockchain Grows to 300 Gigabytes in Size

Bitcoin Blockchain Grows to 300 Gigabytes in Size submitted by SaneFive to bitcoin_uncensored [link] [comments]

Compacting a 290GB Bitcoin Blockchain size into Kilobytes! What Utreexo can Achieve

Compacting a 290GB Bitcoin Blockchain size into Kilobytes! What Utreexo can Achieve submitted by TheCurrencyA to Bitcoin [link] [comments]

Bitcoin Blockchain Grows to 300 Gigabytes in Size

Bitcoin Blockchain Grows to 300 Gigabytes in Size submitted by SaneFive to Crypto_Currency_News [link] [comments]

The Bitcoin blockchain size is 253GB now, what does this mean when cryptocurrency in general become mainstream, replacing traditional currency?

I unknowingly kept the blockchain on my computer the whole time, until realizing it today and deleted it, freeing half the size of one of my hard drives.
This makes me think of what it means for the future. Crypto is not mainstream at all, but suppose that in 5 years it replaces traditional currency in some countries, the amount of transactions will skyrocket. An average person will not longer have the resources to either check the blockchain, or store it locally.
Would it defeat the purpose that people will have to trust a few "centralized" 3rd parties to store and validate the blockchain? I think those parties are highly likely to be owned or controlled by governments. Would they just become "banks" like today?
submitted by zevekez to Bitcoin [link] [comments]

The Bitcoin blockchain size is 253GB now, what does this mean when cryptocurrency in general become mainstream, replacing traditional currency?

I unknowingly kept the blockchain on my computer the whole time, until realizing it today and deleted it, freeing half the size of one of my hard drives.
This makes me think of what it means for the future. Crypto is not mainstream at all, but suppose that in 5 years it replaces traditional currency in some countries, the amount of transactions will skyrocket. An average person will not longer have the resources to either check the blockchain, or store it locally.
Would it defeat the purpose that people will have to trust a few "centralized" 3rd parties to store and validate the blockchain? I think those parties are highly likely to be owned or controlled by governments. Would they just become "banks" like today?
submitted by zevekez to BitcoinBeginners [link] [comments]

07-30 08:34 - 'Compacting a 290GB Bitcoin Blockchain size into Kilobytes! What Utreexo can Achieve' (thecurrencyanalytics.com) by /u/TheCurrencyA removed from /r/Bitcoin within 159-169min

Compacting a 290GB Bitcoin Blockchain size into Kilobytes! What Utreexo can Achieve
Go1dfish undelete link
unreddit undelete link
Author: TheCurrencyA
submitted by removalbot to removalbot [link] [comments]

Bitcoin blockchain size concerns

From january 1st, 2018 to january 1st, 2020 the blockchain has grown an average of 53GB per year.
As blocks are almost full, scaling would continue by increasing the number of transactions in a single block so growth would remain linear.
In 50 years, the bitcoin blockchain will be almost 3TB. According to Moore's law, it would take up less space in percentage terms in our hard drives than today. But what if there is a technological stagnation or even a technological recession ?
Do you know if there is any researches in progress ? Is it technicaly feasible to reduce the size of the blockchain or the size of blocks without losing scalability ?
Believing that you can grow infinitely in a finite world is stupid and dangerous. The limits to growth study shows that somewhere around 2030 there will be a massive collapse due to lack of ressources we need to sustain our unsustainable way of living. Of course this isn't the only prediction to a massive downturn.
What are your opinions about that ?
submitted by Bruce-Hopper to Bitcoin [link] [comments]

signupcash/Signup-Core: 4kb tiny size library to give full functionality of Bitcoin Cash blockchain to your web app

signupcash/Signup-Core: 4kb tiny size library to give full functionality of Bitcoin Cash blockchain to your web app submitted by MichaelTen to btc [link] [comments]

Dog Knowledge Dog events mobile app No mobile app for Dog Breeders Market Size Products Diet P2p services Breed specific solutions Suggestive Marketplace Problem https://dogdata.io/ #ETHBNT #ETHBN #Dog_welfare #Dog_Breeding #DogData #IEO #blockchain #crypto #bitcoin #etherum

submitted by sainisunita01 to Crypto_Alliance [link] [comments]

The platform uses a Protocol developed on the basis of TCP IP in conjunction with Blockchain 5.0. The developers of Blockchain 5.0 managed to reduce the size of blocks to as much as 120 bytes, which is 8 thousand times less than the value of a single block for bitcoin. #relictcoin #relictum #DLT

submitted by cryptoallbot to cryptoall [link] [comments]

The platform uses a Protocol developed on the basis of TCP IP in conjunction with Blockchain 5.0. The developers of Blockchain 5.0 managed to reduce the size of blocks to as much as 120 bytes, which is 8 thousand times less than the value of a single block for bitcoin. #relictcoin #relictum #DLT

submitted by natka5 to Crypto_Currency_News [link] [comments]

Bitcoin blockchain size

Hi, I need help about bitcoin i try to understand how it works. And i am willing to support it. My questions are:
Why is the blockchain core size continously increasing? Is it because its recording every transaction?
Is there anyway to decrease the blockchain size when downloading bitcoin core?
submitted by kerata70 to Bitcoin [link] [comments]

How fast does Bitcoin blockchain size grow? What happens when it grows to be terabytes large?

Right now the full BTC blockchain is about 200G large. Pretty hefty, but not unmanageable for modern computers to store. However, you need a full copy of the blockchain in order to run a full node. What happens when the blockchain grows to be terabytes large and becomes unwieldy to store? When will that time come? How quickly does it grow right now?
submitted by NeutyBooty to Bitcoin [link] [comments]

For those who want to run Bitcoin core but worried about Blockchain size.

Here is a complete beginners guide that explains how to prune Bitcoin blockchain.
https://coinguides.org/bitcoin-blockchain-pruning/
submitted by CoinGuides to Bitcoin [link] [comments]

Nick Szabo always talks about the necessity of second layer blockchain on top of Bitcoin and small block size.

Nick Szabo is probably Satoshi Nakamoto. He is a polymath. The breadth and depth of his interests and knowledge are truly astounding. He’s a computer scientist, legal scholar, and cryptographer best known for his pioneering research in digital contracts and cryptocurrency. He always talks about the necessity of second layer blockchain on top of Bitcoin and small block size.
On the recent interview with Nick Szabo and Tim Ferris, Nick has a really good point to make about the block size:
"There's a technical security parameter, it's called the "blocksize". How the general public glommed onto this I do not know, but there's an obsessive group of people who think of this as some kind of artificial barrier to more transactions per second on Bitcoin. Really, it's job is it's a fence preventing people from flooding the network with lots of transactions that the full nodes I talked about can't handle. That transaction history keeps building and building
...
"This shouldn't even be a public debate. It's like a public debating and voting on the graphite reactor settings that prevent a nuclear reactor from overheating and shutting down. There are certain things you should let the engineers decide, and this is one of them. For some reason, there's this whole group of people that want to pull out the graphite moderator rods and let this run at full steam."
http://tim.blog/2017/06/04/nick-szabo/ At 00:46:00
submitted by DekSingburi to Bitcoin [link] [comments]

MAST: BIP to reduce transaction size, improve privacy, enable smart contracts on Bitcoin blockchain

MAST: BIP to reduce transaction size, improve privacy, enable smart contracts on Bitcoin blockchain submitted by karinbusch to Bitcoin [link] [comments]

Reducing Bitcoin's blockchain size from 160GB to 17GB while adding transaction confidentiality. What do you think redditors?

submitted by Tudor14pop to Bitcoin [link] [comments]

Luke-jr literally says doubling the block size of the Bitcoin blockchain is "The end of the world."

Luke-jr literally says doubling the block size of the Bitcoin blockchain is submitted by poorbrokebastard to btc [link] [comments]

If we lived in a Bitcoin future, how big would the blockchain have to be? Hint: it's NOT pretty. A good insight what happens if we keep increasing the block size

If we lived in a Bitcoin future, how big would the blockchain have to be? Hint: it's NOT pretty. A good insight what happens if we keep increasing the block size submitted by HURCANADA to BitcoinDiscussion [link] [comments]

Gavin Andresen: "Ethereum has more nodes today than Bitcoin. Prediction: it's lead will grow even as its blockchain size exceeds bitcoin's."

Gavin Andresen: submitted by sandakersmann to btc [link] [comments]

Bitcoin Fundamentals: Block Size, Bitcoin Scalability, & SegWit How to Calculate Bitcoin Transaction Size ByteSize Blockchain - YouTube Blockchain pruning How to limit the blockchain size securely On Bitcoin Reaching Block Size Limits

Blockchain Size: Blockchain Ledger Size, A Big Problem. However, blockchain is not free from problems. Initially, the blockchain size was not as big, as only a small amount of peers are connected to the network. For example, bitcoin blockchain size was 614 MB in size in 2012. But now, the bitcoin blockchain size gb has grown tremendously to the ... Storage size of the blockchain. The storage size of the Bitcoin Core (BTC) blockchain is increasing with every additional block, at a rate of: (size of the last block) / (time to mine the last block) Since blocks are mined about every 10 minutes, and most new blocks are almost at the 1 MB blocksize limit, this rate has become about. The growth rate of Bitcoin full node size in gigabytes from the genesis block till now ... Bitcoin SV. Blockchain size. Dogecoin. Blockchain size. Dash. Blockchain size. Litecoin. Blockchain size. Ethereum. Blockchain size. Groestlcoin. Blockchain size. Zcash. Blockchain size. Sponsored · Turn off ads. The problem facing any proposal to increase the Bitcoin block size is that it must achieve widespread adoption on the main Bitcoin blockchain. Otherwise, one-megabyte to increase Bitcoin block size splinter from Bitcoin as hard forks, implementing a new vision for the future of Bitcoin. Many Bitcoin hard forks exist for this reason. Blocks size in blockchain is limited to 1MB. Miners can mine blocks up to the 1MB fixed limit, but any block larger than 1MB is invalid. No issue in the history of cryptocurrencies has been debated as passionately, as often, or as forcefully as the bitcoin block size.

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Bitcoin Fundamentals: Block Size, Bitcoin Scalability, & SegWit

In this video we will see: - What is BlockChain - Why blockchain is important - Who is Satoshi Nakamoto - What is bitcoin - Bitcoin with blockchain - Securit... Short byte size education on Blockchain, Bitcoin, Ethereum, and technology. ... Measure a Year in Bitcoin 21Million Supply - Duration: ... Blockchain. 19 videos Play all ... 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 The block size limit is current 1mb per block, 4mb, 8mb and 20mb limits per block are being proposed- I briefly share my ideas on the topic. Tags: Block size limit, blockchain, Cryptocurrency Blockchain/Bitcoin for beginners 7: Blockchain header: ... Xapo's Wences Casares on Block Size and Bitcoin's Future - Duration: 10:04. ReasonTV Recommended for you. 10:04.

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