Bitcoin Forum
June 30, 2024, 08:27:31 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: The size of bitcoin has reached a two-year minimum  (Read 82 times)
Nikola282828 (OP)
Member
**
Offline Offline

Activity: 219
Merit: 11


View Profile
March 20, 2018, 11:17:42 PM
 #1

Thus, Armin van Bitcoin is convinced that such figures have become possible due to such factors as batching (consolidation) of transactions in the work of a number of large bitcoin companies, the growing adoption of the SegWit Protocol, as well as increasingly frequent ofchein transactions (for example, in the Lightning Network).

Recall that the SegWit Protocol activated in the bitcoin network in August 2017 makes it possible to increase the block to 4 MB, thus refuting the statements of apologists of various forks of the first cryptocurrency that only their implementation can solve the problem of scaling.

Last year the network was mined the first block size larger than 1 MB, were subsequently extracted and a block size of 2 MB.
makishart
Legendary
*
Offline Offline

Activity: 3122
Merit: 1029


Leading Crypto Sports Betting & Casino Platform


View Profile
March 20, 2018, 11:39:30 PM
 #2

Thus, Armin van Bitcoin is convinced that such figures have become possible due to such factors as batching (consolidation) of transactions in the work of a number of large bitcoin companies, the growing adoption of the SegWit Protocol, as well as increasingly frequent ofchein transactions (for example, in the Lightning Network).

Recall that the SegWit Protocol activated in the bitcoin network in August 2017 makes it possible to increase the block to 4 MB, thus refuting the statements of apologists of various forks of the first cryptocurrency that only their implementation can solve the problem of scaling.

Last year the network was mined the first block size larger than 1 MB, were subsequently extracted and a block size of 2 MB.
After bitcoin cash fork and the blocksize of bitcoin increased to the 2MB, Segwit designed to make the possibility of the all off-chain scalling development to the bitcoin.

it looks like people are still waiting for the lightning network but it will be tested by litecoin foundation through the litecoin protocol itself just like what already happened with segwit protocol.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!