Home / Blog / Recent developments in transaction volume on the Bitcoin network show very nicely how keeping the block size limit at 1MB was the correct decision. : Bitcoin

Recent developments in transaction volume on the Bitcoin network show very nicely how keeping the block size limit at 1MB was the correct decision. : Bitcoin

Recent developments in transaction volume on the Bitcoin network show very nicely how keeping the block size limit at 1MB was the correct resolution. : Bitcoin

https://www.blockchain.com/charts/n-transactions

Those two abrupt declines in volume had been brought on by the corporations Veriblock and Coinbase respectively (I believe that is the results of Coinbase batching, correct me if I am improper).

Whatever territory you give them, they’ll take. Veriblock will simply spam the blockchain with its ineffective crap if it is low-cost sufficient. There needs to be a charge market, and people who use the blockchain inefficiently have to be made to pay till they enhance their practices. Otherwise why would they ever trouble to do issues higher?

/u/luke-jr was in all probability proper when he mentioned the block size ought to really be decreased. It may have hastened adoption by making operating a node simpler. But in fact, consensus is the title of the sport and neither he nor the big-blockers may get it.

NB: Technically the present limit with segwit is four MWU (million weight models), corresponding in observe to a normal limit of round ~2 MB.

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