3 ms·
That's not true. At most, the amount of data in a block stays the same but attaches an associated data structure to the block that is estimated to equal, at mos
by deftnerd 10y ago
That's not true. At most, the amount of data in a block stays the same but attaches an associated data structure to the block that is estimated to equal, at most, 1.7mb.
That's a best case scenario once every piece of software that created Bitcoin transactions has been altered to use the new transaction format. That software upgrade process could take years.
- TD-Linux 10y agoNo, the 1.7MB figure was an average, the max for base+witness is about 4MB. https://bitcoincore.org/en/2016/01/26/segwit-benefits/ https://bitcoincore.org/en/2016/01/26/segwit-benefits/ It's true that to reach the maximum capacity, all Bitcoin software has to be upgraded. But that's also true for a 2MB bump hardfork.