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This is why Bitcoin blockchain is more concerned about keeping the block sizes small and efficient as possible than adding fancy smart contract features that ju
by r32a_ 8y ago
This is why Bitcoin blockchain is more concerned about keeping the block sizes small and efficient as possible than adding fancy smart contract features that just add bloat to the blockchain.
- bouncycastle 8y agoEthereum's block sizes are quite small, about 25kb per block right now. Actually, block sizes are not limited by bytes like in bitcoin, but by 'gas'. This gas limit can be dynamically adjusted by miner votes, and the way the incentives work, it keeps the blocks not too big, but also not too small. One feature of Ethereum is that it automatically discourages mining centralization using the 'uncle rewards' system. When the blocks increase in size (and thus put pressure on centralization as you noted), the uncle rate increases too, which is undesirable for miner profits. If the uncle rate gets too high, miner's interest is to vote down the block 'gas' limit, this ensures all the blocks can prpagate around the network fairly.
- ghthor 8y agoI didn't even know this. That's a great example of how interesting you can get with the incentives system, makes me so excited for the future.
- r32a_ 8y agocompare the size of the bitcoin blockchain and the ethereum blockchain. Now see when Bitcoin was launched and see when Ethereum was launched. Facts speak for themselves.