got a few questions id like to get some answers on from the people that know.
are block sizes limited? if so how many transactions can fit in a block? depending on how many can fit, if we cant fit all the current transactions in some blocks, how will we fit them in the future assuming bitcoin becomes the world currency. ie it can handle its current transactions, but what about 100,000 more per block? if they are limited and it cant fit 100,000 per block is their any way to 'fix' this because their is no way the world is going to keep to a super low number. if the transactions keep overflowing the blocks it will just end up making a huge backlog that can never be caught up with.
i ask because i don't know and never ran across an answer, but i really am hoping this isn't an issue.
it is some ungodly astronomical number that I can't quote offhand.
The issue I see for the future is that the block creator can decide to cap the number of trasnactions they want to process in a block. Will there be enough incentive to have them include enough transactions as to not have an increasing pile of trasnactions waiting for blocks to be completed to be written into in order to confirm??
And, if that is not an issue because there is plenty of fees to cover the creators hash time then what are the limitations on just how fast the trasnactions can be recorded?