4 ms·
This will be fixed when it's needed. To deviate from the discussion, I don't know why Bitcoin doesn't move to a faster block time. Less time to confirm a tran
by kristianp 11y ago
This will be fixed when it's needed. To deviate from the discussion, I don't know why Bitcoin doesn't move to a faster block time. Less time to confirm a transaction, more blocks per minute, more transactions per second.
- drcode 11y agoIt is very, very unlikely any major architectural tweak will happen with Bitcoin ever again. The only thing that will ever happen is maybe a few additional opcodes (to enable lightning networks perhaps) but even that will take many years. (This isn't necessarily a bad thing... although I'm certainly not a fan of this approach)
- bduerst 11y agoThere have already been four different proposals made to fix this (BIP 100, 101, 102, 103) and the miners shot them down. Remember that the miners profit from increased competition and tx fees on small block sizes, and they control the block size. It's more probable that banks will use some other system than ACH before bitcoin block size is ever increased.