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The ten MB block size limit lowers the number of transactions that can occur in a single block therefore inflating what miners can charge for a transaction. Inc
by syrrim 8y ago
The ten MB block size limit lowers the number of transactions that can occur in a single block therefore inflating what miners can charge for a transaction. Increasing the blocksise would require miners to choose to mine a hard fork. See the DAO hack for what can happen with strong governance.
- solotronics 8y agoWithout a small block size you would end up with a centralization of nodes onto datacenter servers.
- PeterisP 8y agoWe anyway have ended up with a centralization of nodes onto datacenter servers, so it's hard to argue that it would have made a difference.
- jstanley 8y agoThe Bitcoin block size limit is not 10 MB.