Blockchain Size Bitcoin.com Charts

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]

As Ethereum's blockchain suffers from bloat, could Sia be used for storing blockchains as they grow to very large sizes?

In the midst of trying to solve Bitcoin's scaling issues, Ethereum has run into a scaling issue of its own. In particular, the size of its blockchain. Ethereum's blockchain growth is out of control. At its current rate, it is growing by about ~1-2 GB every day. It is currently over 230 GB, far greater than the size of Bitcoin's blockchain. At this rate, it could easily be over 1 TB by sometime next year.
Source: http://bc.daniel.net.nz/
Seems like a pretty meta solution: use one cryptocurrency to decentralize the blockchain of another cryptocurrency. This especially seems true when you consider that crypto is going to be a long-term thing, and blockchains are only going to get bigger with time.
submitted by surgingchaos to siacoin [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]

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]

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]

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]

Are the severe block size limitation and the plan to switch to Lightning going to destroy all non-monetary applications of the Bitcoin blockchain?

That's what's worrying me.
Pushing for off-chain solutions and limiting the block size will result in very high fees for on-chain transactions. This rips off all non-monetary applications of the Bitcoin blockchain like proof-of-existence, proof-of-ownership, coloured coins, notary services, voting systems, etc -- basically all the stuff (and businesses) that's currently using OP_RETURN.
Maybe I'm missing something?
P.S. One could argue that Bitcoin blockchain was never intended to be used by such services, but that would mean that Bitcoin Core developers' actions lack consistency: first they introduce OP_RETURN, people start businesses, then they say "sorry, no more OP_RETURN outputs".
submitted by Har01d to Bitcoin [link] [comments]

Monero transactions are 25 times the size of bitcoin transactions and 1/4 of the cost. Hence BTC blockchain space is 100 times as expensive.

Monero transactions are 25 times the size of bitcoin transactions and 1/4 of the cost. Hence BTC blockchain space is 100 times as expensive. submitted by Leithm to btc [link] [comments]

What cryptocurrencies, aside from Bitcoin Cash, are planning to scale to serve hundreds of millions of individuals by increasing blockchain block sizes?

What cryptocurrencies, aside from Bitcoin Cash, are planning to scale to serve hundreds of millions of individuals by increasing blockchain block sizes?
I think Bitcoin Cash has 32MB blocks right now. I think they are planning to keep increasing this.
I think that Litecoin has larger blocks than Bitcoin Core. Are Litecoin developers planning on increasing this over time?
What are some cryptocurrencies planning to scale to serve hundreds of millions of individuals by increasing block size? There has to be more than just Bitcoin Cash, I would think anyway.
Just curious. Thank you much! Cheers.
submitted by MichaelTen to CryptoCurrency [link] [comments]

Want to increase the value of Bitcoin (BCH)? Use it! Join Memo and let's increase the amount of SPAM on the blockchain. Post your profile in this thread and let's start following each other. OP_RETURN increases in size this May... Are you ready to take over Twitter?

https://Memo.cash - Now let's you reply to each other!
submitted by The_BCH_Boys to btc [link] [comments]

What Is The Size Of Dash Blockchain? #blockchain #bitcoin #ethereum Round The Block https://t.co/P3EZ2KN3Sg - Crypto Dynamic Info - Whales's

Posted at: February 14, 2019 at 08:10AM
By:
What Is The Size Of Dash Blockchain? #blockchain #bitcoin #ethereum Round The Block https://t.co/P3EZ2KN3Sg
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submitted by cryptotradingbot to cryptobots [link] [comments]

What Is The Size Of Bitcoin SV Blockchain? #blockchain #btc #altcoin Round The Block https://t.co/TvKi8hix4k - Crypto Dynamic Info - Whales's

Posted at: February 13, 2019 at 08:04AM
By:
What Is The Size Of Bitcoin SV Blockchain? #blockchain #btc #altcoin Round The Block https://t.co/TvKi8hix4k
Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t
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submitted by cryptotradingbot to cryptobots [link] [comments]

#PAXCOIN #blockchain #currency #mining The problem of Bitcoin it takes long formation time. But in the PAXCoin it extended the block size to 2 MB (megabytes) and reduced the transaction time to less than 1 minute.

submitted by hirushaperera to cryptocurrencynewico [link] [comments]

Has the Bitcoin community thought any fix for the problem of them soon going out of hard drives due to increasing blockchain size?

Honesly, the blockchain size has already gone above 100 GB, next year it will cross 400 GB and by 2020, we are talking in multiple terabytes. Sooner or later, the time will come when the blockchain size will overtake the capacity of even the most expensive hard drive affordable by the average guy. What happens then? Is there any fix for that?
Besides, there is also the problem of a new user having to spend the entire year's bandwidth expense just to download the wallet initially, what is the solution to that?
submitted by 94e7eaa64e to Bitcoin [link] [comments]

Bitcoin on-chain pruning can eliminate the problem of blockchain size growth completely

I'm quite new to Bitcoin and I thought about how to improve scalability that everybody is talking.
I've written a concept of on-chain pruning, which in theory will eliminate the problem of growing blockchain size.
https://www.scribd.com/doc/317130737/Bitcoin-On-Chain-Pruning
Thoughts?
submitted by pete_gregory to btc [link] [comments]

@arstechnica: Bitcoin Cash itself was created through another acrimonious hard fork last August. That schism was motivated by a disagreement about the size of blocks in bitcoin's blockchain... Now Bitcoin Cash's camp of big-block dissidents is about to divide once again https://t.co/lqnq3Cdvgk

submitted by -en- to newsbotTMT [link] [comments]

Are the severe block size limitation and the plan to switch to Lightning going to destroy all non-monetary applications of the Bitcoin blockchain?

That's what's worrying me.
Pushing for off-chain solutions and limiting the block size will result in very high fees for on-chain transactions. This rips off all non-monetary applications of the Bitcoin blockchain like proof-of-existence, proof-of-ownership, coloured coins, notary services, voting systems, etc -- basically all the stuff (and businesses) that's currently using OP_RETURN.
Maybe I'm missing something?
P.S. One could argue that Bitcoin blockchain was never intended to be used by such services, but that would mean that Bitcoin Core developers' actions lack consistency: first they introduce OP_RETURN, people start businesses, then they say "sorry, no more OP_RETURN outputs".
submitted by Har01d to btc [link] [comments]

Size of the Bitcoin blockchain from 2010 to 2018, by quarter (in megabytes)

Size of the Bitcoin blockchain from 2010 to 2018, by quarter (in megabytes)
https://twitter.com/blockchain_page/status/1022923245127979008
submitted by DigitalMan76 to Bitcoin [link] [comments]

Big Changes For Bitcoin Cash - Impact of Block Size & Adding Tokens To The Blockchain

Big Changes For Bitcoin Cash - Impact of Block Size & Adding Tokens To The Blockchain submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

If the size of the ledger is a big concern re: decentralization of nodes, can this be solved by just pruning the blockchain? /r/Bitcoin

If the size of the ledger is a big concern re: decentralization of nodes, can this be solved by just pruning the blockchain? /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

What views did Satoshi Nakamoto have in regards to the names given to inevitable hard fork's that come from the original bitcoin? As Satoshi knew, the very first/original bitcoin blockchain will one day be obsolete because of the small block sizes.. are there any records of his words on this matter?

He must have thought of hardfork names, knowing that with each and every hardfork [that is intrinsically better than the original and better for the community]- is going to still need a name, and if we're building off of the original and it still follows the white paper exactly, shouldn't it still be named "bitcoin"?
submitted by musty_beer to btc [link] [comments]

If the size of the ledger is a big concern re: decentralization of nodes, can this be solved by just pruning the blockchain? /r/Bitcoin

If the size of the ledger is a big concern re: decentralization of nodes, can this be solved by just pruning the blockchain? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Fundamentals: Block Size, Bitcoin Scalability, & SegWit WHAT IS THE SIZE OF BITCOIN  BLOCKCHAIN  BITCOIN ... Bitcoin Q&A: Scaling and the block size debate - YouTube

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Bitcoin Fundamentals: Block Size, Bitcoin Scalability, & SegWit

In this talk in Berlin, Andreas looks at the inner structure of bitcoin and how high-level financial and trust applications are composed from smaller element... In this i'm going to tell you about the size of bitcoin the latest update 21 September, 2020. The size of bitcoin is gradually increasing while it was starte... 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

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