4 ms·

Do you understand the downside of large blocks?

• DennisP 2y ago
  Do you understand that the block limit was set fourteen years ago, and that bandwidth and storage have increased exponentially since then?
  • lawn 2y ago
    It was also introduced as a temporary spam measure.
  • snapcaster 2y ago
    So right, but the issue is that block size increases only get you a linear increase in transaction rates which doesn't really address the problem (would 50 t/s somehow resolve any blockchain congestion?). So you make your currency less secure, risk chain splits but haven't even really solved any problems
    • DennisP 2y ago
      If the hardware is improving exponentially, then increasing the block size on the same curve is also an exponential improvement. Layer 2 is helpful but does not entirely remove the need for space on chain. In LN for example, every channel opening and closing uses block space.