What Is Bitcoin Block Size and Why Does It Matter ...

Bitcoin - The Currency of the Internet

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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Bitcoin XT - discussing Satoshi's Vision

A subreddit focused on providing open discussion on all things Bitcoin (BSV).
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Noob question: What would be the problems by doubling the bitcoin block size and consequently making the average transaction fees halve?

Miners I think would still get the same reward, there will be more transaction capacity and less fees. So what are the problems that are stopping that from happening?
submitted by qlpxumni to btc [link] [comments]

17 May 2013: Seven years ago today Peter Todd released the first professional video arguing for not raising the Bitcoin block size. The video was paid for by a newcomer who said he was a US intelligence agent in a “relatively high position.” Nothing to see here. Move along.

17 May 2013: Seven years ago today Peter Todd released the first professional video arguing for not raising the Bitcoin block size. The video was paid for by a newcomer who said he was a US intelligence agent in a “relatively high position.” Nothing to see here. Move along. submitted by MemoryDealers to btc [link] [comments]

Limiting Bitcoin's block size also limited its censorship resistance.

Limiting Bitcoin's block size also limited its censorship resistance. submitted by MemoryDealers to btc [link] [comments]

"Seven years ago [...] the first professional video arguing for not raising the Bitcoin block size. The video was paid for by a newcomer who said he was a US intelligence agent in a 'relatively high position.'"

submitted by MichaelTen to btc [link] [comments]

"Briefly, Why Bitcoin Block sizes Shouldn't Be Too Big" video by Luke Dashjr from MCC2019

submitted by SupremeChancellor to CryptoCurrency [link] [comments]

Bitcoin Block Size Sees New All Time High, Hash Rate Catching Up

submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Bitcoin Block Size Sees New All Time High, Hash Rate Catching Up

Bitcoin Block Size Sees New All Time High, Hash Rate Catching Up submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Block Size Sees New All Time High, Hash Rate Catching Up

Bitcoin Block Size Sees New All Time High, Hash Rate Catching Up submitted by Ranzware to BitNewsLive [link] [comments]

Tiny Block Advocates Speak Up After Veriblock 'Abuses' Bitcoin's Block Size

Tiny Block Advocates Speak Up After Veriblock 'Abuses' Bitcoin's Block Size submitted by JonyRotten to btc [link] [comments]

The Bitcoin Block Size Limit, Artificial Scarcity, and Code-Enhanced Public Club Governance

submitted by cointastical to Bitcoin [link] [comments]

Bitcoin Block Size Is Adequate Now and Can Be Increased Later By Consensus When Needed

The people that were campaigning for larger blocks have mostly left for BCH.
Currently there is no consensus from the remaining Bitcoin supporters and developers for a larger block size, and median transaction fees are back to affordable levels.
I believe that it is much better to optimize current block space further with tech like Schnorr signatures, increase SegWit 4MB Block Weight adoptions, and move low value transfers onto layer 2, as soon as Lightning becomes totally secure, and easy to use as ABC.
https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html#2y
submitted by FluidAttitude to btc [link] [comments]

Bitcoin Block Size Hits New All-Time High

Bitcoin Block Size Hits New All-Time High submitted by olavic7 to Crypto_Currency_News [link] [comments]

Mike Hearn's prediction from May 2015 that fees would skyrocket if Bitcoin's block size limit wasn't raised, and its aftermath, were spot on

Mike Hearn's prediction from May 2015 that fees would skyrocket if Bitcoin's block size limit wasn't raised, and its aftermath, were spot on submitted by aminok to CryptoCurrency [link] [comments]

Bitcoin Block Size Hits New All-Time High

Bitcoin Block Size Hits New All-Time High submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Blockstream Co-Founder creates a proposal with hopes to decrease the Bitcoin block size - CryptoMeNow

Blockstream Co-Founder creates a proposal with hopes to decrease the Bitcoin block size - CryptoMeNow submitted by Cryptoboy88 to btc [link] [comments]

Bitcoin Block Size Hits New All-Time High

Bitcoin Block Size Hits New All-Time High submitted by n4bb to CoinPath [link] [comments]

Bitcoin Block Size Hits New All-Time High - Bitcoinist.com

Bitcoin Block Size Hits New All-Time High https://upload.news/33esgu
submitted by GaryPalmerJr to MintingCoins [link] [comments]

Bitcoin Block Size Hits New All-Time High

Bitcoin Block Size Hits New All-Time High submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Block Size Hits New All-Time High

submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin Block Size Hits New All-Time High

Bitcoin Block Size Hits New All-Time High submitted by olavic7 to CryptoCurrencies [link] [comments]

Reminder: Increasing the Bitcoin block size was one of Satoshi's last wishes

10,646 users here now, time for another public reminder:
Increasing the Bitcoin block size was one of Satoshi's last wishes
Back in October 2010, Satoshi suggested that he would increase the blocksize after block 115000, but then Satoshi disappeared 2 months later, some say he was taken out by the TPTB.
https://archive.fo/L5yvP#msg15366
satoshi
Re: [PATCH] increase block size limit
October 04, 2010, 07:48:40 PM
It can be phased in, like:
if (blocknumber > 115000)
maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
Block 115000 was mined in 2011-03-25 15:27:29
https://blockchain.info/block-height/115000
Height: 115000
Time: 2011-03-25 15:27:29
Number Of Transactions: 5
Output Total: 134.64 BTC
That was 6 years and 7 months ago.
So we're almost 7 years late for a block size increase on BTC.
Long live Satoshi, you almost took out the bankers in one go.
Now the bankers have a stranglehold on BTC, keeping the blocks at 1MB forever.
#SatoshiWasABigBlocker
submitted by Gregory_Maxwell to btc [link] [comments]

Adam Back: Bitcoin Block Size Increase in Mid-Term is Possible

Adam Back: Bitcoin Block Size Increase in Mid-Term is Possible submitted by jeffrexsave to Bitcoin [link] [comments]

Bitcoin Block Size Hits New Record Bitcoin Block Size: Larger or smaller blocks? Bitcoin block size limit concept: history of its establishment On Bitcoin Reaching Block Size Limits What is Bitcoin - What about block size?

Miners collect Bitcoin Core (BTC) transactions into distinct packets of data called blocks. Each block is cryptographically linked to the preceding block, forming a "blockchain." The size of these blocks is currently restricted to below the average daily demand, making transaction fees for Bitcoin Core (BTC) a competitive marketplace. Since ... Bitcoin block height is the measurement between the genesis block and any given block on the Bitcoin blockchain. Bitcoin block height doesn’t have much to do with block size. However, at a certain block height, the Bitcoin block reward will half. The next Bitcoin halving event is due in May 2020. The Bitcoin block reward will halve, rewarding miners with 6.25 BTC for each block. A Short ... Bitcoin blocks are bigger than ever. Since the halving took place last week, the 7-day average of Bitcoin block sizes has reached a new all-time high, according to data from Blockchain.com. As indicated in the below chart, the data shows these larger blocks have been made possible by two key factors: the recent Bitcoin halving and increased adoption of Segregated Witness (SegWit) since the ... Bitcoin Block Size historical chart Average block size. Share: btc eth ltc bch xrp bsv xmr zec etc dash doge btg vtc rdd blk ftc nmc nvc. Scale: linear log. Latest Prices: BTC/USD: 12769.47 (hitbtc) BTC/USD: 12792.98 (bitasset) BTC/USD: 12791.71 (gdax) BTC/USD: 12779.3 (coinbasepro) Zoom: 3 months 6 months 1 year 2 years all time. Transactions Block Size Sent from addresses Difficulty ... Originally, Bitcoin's block size was limited by the number of database locks required to process it (at most 10000). This limit was effectively around 500-750k in serialized bytes, and was forgotten until 2013 March. In 2010, an explicit block size limit of 1 MB was introduced into Bitcoin by Satoshi Nakamoto.

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Bitcoin Block Size Hits New Record

The BTC block limit is a parameter in the Bitcoin protocol that limits the size of blocks, and therefore The number of transactions that receive confirmation on the network every 10 minutes. Upon ... 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 ... As Bitcoin grows, its blocks are starting to fill up, and thus discussion has been ongoing on how to best handle this. The block size limit is current 1mb per block, 4mb, 8mb and 20mb limits per ... 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 level of traffic on the bitcoin blockchain took a sharp dive during the price crash of 2018, but a gradual and steady recovery has already taken us to new heights. Learn more about Segwit's ...

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