Bitcoin Forum
May 22, 2024, 01:48:25 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin block size versus Bitcoin Cash block size (going to 32 MB?)  (Read 101 times)
junoreactor (OP)
Full Member
***
Offline Offline

Activity: 196
Merit: 109



View Profile
January 26, 2018, 02:02:52 PM
 #1

Hi folks,

For many weeks now, we are all aware of Bitcoin scalability which is becoming a concern.
Good news is: it seems Lightning Network is being tested (and already functional), some people are against it, but it will help transactions to be quicker and cheaper (off chain transactions).
Some unknown however (for me): cost of opening a channel, what is a channel does not exist between me and the store, etc. but all things considered, Lightning Network is an exciting project I believe.

In the meantime, this is probably due to the current fierce competition in the crypto world, I am reading that Bitcoin Cash developers are planning to increase the block to 32 MB.
Apparently this plan has already been discussed. Question however: will current mining pool be able to support such size?
But what's striking to me if that for once, there seems to be an overall consensus between all developers (of BCH) which has became quite rare nowadays in the whole crypto world.

Any comment welcome.  Smiley
stompix
Legendary
*
Offline Offline

Activity: 2898
Merit: 6352


Blackjack.fun


View Profile
January 26, 2018, 03:20:49 PM
 #2

In the meantime, this is probably due to the current fierce competition in the crypto world, I am reading that Bitcoin Cash developers are planning to increase the block to 32 MB.

They could increase the size even to 3TB.
Right now their blocks are on average 80 to 90 kb.
https://fork.lol/blocks/size
https://bitinfocharts.com/comparison/size-btc-bch.html#3m

I've already said it in another thread, it's like building 8 lines highways in NorthKorea while having 3 cars for 1 million citizens.

But what's striking to me if that for once, there seems to be an overall consensus between all developers (of BCH) which has became quite rare nowadays in the whole crypto world.

Not surprising. Even in the mafia there was rarely one speaking against the boss and he usually got "banned" from the organisation.



.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
BrewMaster
Legendary
*
Offline Offline

Activity: 2114
Merit: 1292


There is trouble abrewing


View Profile
January 26, 2018, 03:25:37 PM
 #3

some people are against it,
nobody is against Lightning Network.
there are two people, those who don't understand it or understand it a little. and those who are threatened by it. the second group is attacking LN

Quote
Some unknown however (for me): cost of opening a channel, what is a channel does not exist between me and the store, etc. but all things considered, Lightning Network is an exciting project I believe.
don't fully understand LN but here is what i know:
you don't open a different channel with everyone. you open a channel then connect to others.

for example you have 50000 satoshi in your LN wallet. you pay 19113  satoshi for a cup of coffee ($2.10) then you see a game skin you like and buy it with 9905 satoshi ($1.05) and since you love me so much you donate me 1 satoshi to my LN invoice.
now you have 20981 satoshi left for later to buy some other stuff...

Quote
Apparently this plan has already been discussed. Question however: will current mining pool be able to support such size?
yeah, why not. they can increase it to 1 TB if they wanted. that it just a limit and it means nothing as long as BCH blocks are only 200 kiloBytes large!

the problems will start and show themselves when mining of full blocks began and lasted a while...

There is a FOMO brewing...
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!