Expanding Bitcoin: The Block Size Debate – Bitcoints


Published on January 4th, 2016 | by bitcoin


Expanding Bitcoin: The Block Size Debate

The block size is one of many decisions that will have to be decided in the future as bitcoin evolves.
Most of the debate seems to focus on what the true costs are of increasing the block size (such as increased centralization) so I will focus there.
We already doubled the block size over the past year and it turned out okThe average block size (and the space to store the entire blockchain) grew by about 100% over the past year.
People often confuse their desired average block size with what the maximum could be for any given block.
This will make bitcoin more valuable.The block size debate is just one issue today.

Source: Medium.com

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