2 ms·
Bitcoin's First 1.6MB Block Has Been Mined
- mbgaxyz 9y agoTLDR (from article) But now that we are seeing these slightly bigger blocks, claims are being made that segwit’s method of increasing capacity is actually very inefficient. In comparing some numbers the 1.6MB block had: Block size: 1602023 Number of transactions: 833 Input count + Output count: 11073 Bytes per IO address: 144 While a random non-segwit block (483,182) had: Block size: 999931 Number of transactions: 2110 Input count + Output count: 10574 Bytes per IO address: 95 The segwit block, therefore, which is near the practical limit of bitcoin’s current blocksize rules, was able to handle only 500 more inputs and outputs out of some 11,000. Making it an increase of just 5%, instead of 50% as would be the case for a non-segwit 1.6MB block.