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It’s core principal; that the 1MB blocks use cap was arbitrary and holding back the network, remains 100% true. The arguments against SPV wallet use in this te
by topranks 5y ago
It’s core principal; that the 1MB blocks use cap was arbitrary and holding back the network, remains 100% true.
The arguments against SPV wallet use in this text don’t ring true for me.
- grlass 5y agoIt may be arbitrary, but increasing blocksize to mitigate network congestion is not a good solution, since any cap you set it to will also be arbitrary, and harm decentralisation (block propagation time, node operation costs, etc). And given how valuable it is to have data in a semi-permanent near-immutable distributed ledger, that block space would be filled up pretty quickly, solving nothing. Keeping the limit however has inspired a number of novel innovations to use the space more efficiently, including segwit (effectively increasing blocks to 4MB), and taproot. In short, block size increases are an "easy solution" that don't really solve much.
- dylkil 5y ago>since any cap you set it to will also be arbitrary Unless you done quantitative analysis into the most appropriate blocksize. But that will never happen at this stage.