3 ms·
No, that's not how it works. Transaction volume doesn't increase with efficiency. Blocksize is capped at 1MB, and any new efficiency goes into the hashing alg
by bduerst 11y ago
No, that's not how it works.
Transaction volume doesn't increase with efficiency. Blocksize is capped at 1MB, and any new efficiency goes into the hashing algorithms, not the size. The Bitcoin network has always only been able to handle 1 MB of transactions every 10 minutes (~7 tx/s) and always will at this rate.
- aminok 11y agoNo, it is not. Efficiency increases with transaction volume. That transaction volume is currently capped at 1 MB is a separate issue from whether efficiency improves with transaction volume. It's possible there is a misunderstanding here with me interpreting "gets more successful" as seeing its transaction volume increase, and you interpreting it to mean something else.
- bduerst 11y agoYou can't fit more transactions into 1,048,576 bytes with more efficiency. It's pretty clear.