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Author Topic: Blockchain size of altcoins with instant/very fast transactions.  (Read 429 times)
steven0021
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May 24, 2016, 11:23:05 PM
 #1

What's stopping these alts from having an uncontrollably huge blockchain size? If it comes to it, wouldn't that make it hard for most people to run full nodes?
Just something I've been wondering after reading the bitcoin blocksize argument.

                                                                       
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steven0021
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May 26, 2016, 06:14:08 AM
 #2

No one knows? I half expected an answer/solution by now.

                                                                       
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May 26, 2016, 01:02:30 PM
 #3

What's stopping these alts from having an uncontrollably huge blockchain size? If it comes to it, wouldn't that make it hard for most people to run full nodes?
Just something I've been wondering after reading the bitcoin blocksize argument.

i think if you were asking a specific alt, you will likely getting answer... for example Dash, they have masternode which mean full node are paid and these reward can be used to buy  better hardware to run full node.


"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...",  satoshi@vistomail.com
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May 26, 2016, 01:12:48 PM
 #4

What exactly is supposed to cause "uncontrollably huge size" in your opinion?
I can only think of sudden massive adoption, which would in turn lead to price appreciation, leading to full-nodes getting paid better, leading to increasing of hardware requirements for these nodes, leading to better equipped full nodes, leading to a network with larger transaction throughput.

It's a virtuous cycle. At least for Dash Tongue

steven0021
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May 26, 2016, 10:04:03 PM
 #5

What exactly is supposed to cause "uncontrollably huge size" in your opinion?
I can only think of sudden massive adoption, which would in turn lead to price appreciation, leading to full-nodes getting paid better, leading to increasing of hardware requirements for these nodes, leading to better equipped full nodes, leading to a network with larger transaction throughput.

It's a virtuous cycle. At least for Dash Tongue

I was thinking somewhere along 10GB per month. Seeing that ETH blockchain size apparently jumped from around 9GB to 16GB in mere two months. They haven't even reached 25% of bitcoin's transaction volume yet.

                                                                       
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