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Can someone explain how the idea that every single transaction has to be stored in the ledger is scalable? Won't wider adoption mean that the ledger grows even
by steven2012 13y ago
Can someone explain how the idea that every single transaction has to be stored in the ledger is scalable? Won't wider adoption mean that the ledger grows even quicker, to the point where it makes using btc harder and harder?
- walden42 13y agoTechnology evolves over time as does bitcoin's use. Hard drives are becoming cheaper and cheaper, for example. Bandwidth is also a non-issue, as the typical transaction size is less than a KB. However, there's also the fact that a typical user doesn't have to download the whole blockchain in order to use bitcoins--they'll be connected to the nodes that do (that are dedicated for that purpose).
- kaoD 13y agoThere are plans to implement Merkle tree pruning. https://en.bitcoin.it/wiki/Scalability#Storage https://en.bitcoin.it/wiki/Scalability#Storage