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The max block size for segwit transactions is about 3.7mb. The idea that bitcoin blocks are limited to 1mb is false, and its being propagandized as such by peop
by rothbardrand 9y ago
The max block size for segwit transactions is about 3.7mb. The idea that bitcoin blocks are limited to 1mb is false, and its being propagandized as such by people who really want to fire core and take over the bitcoin brand. It has nothing to do with technology (because as I pointed out the max block size quadrupled in August.)
It's also worth noting that segwit transactions are more efficient and segwit paves the way for even more efficient transaction formats in the future, so that 225byte average transaction size will go down over time.
SegWit was just activated in August. The core client that utilizes it is still in testing (or was recently released) so segwit is still very early in its adoption stages.
Along with Lightening Network and side chains (a whole other form of scalability) and other layer 2 solutions, SegWit contains multiple layer one scalability solutions, not just SegWit itself and the block size increase, but efficiencies across the board-- and over the past 2 years core has been making bitcoin more efficient, and scalable, with many releases and many optimizations... none of which are talked about in the "scaling debate" because its really a "I want to be king fo bitcoin" debate.