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Author Topic: Blockchain size, exponential growth?  (Read 8447 times)
Strider Hiryu
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August 26, 2012, 04:39:49 PM
 #41

Isn't the block chain size growth hard coded to be linear?

10 mins per block, 1MB block size... scarily this is 52GB per year.

However, it is linear not exponential.

A 2TB drive, that's 40 years of block chain, so it's actually not that bad.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 27, 2012, 09:26:22 PM
 #42

Isn't the block chain size growth hard coded to be linear?

10 mins per block, 1MB block size... scarily this is 52GB per year.

However, it is linear not exponential.

A 2TB drive, that's 40 years of block chain, so it's actually not that bad.


The block size ceiling is supposed to be a temporary measure and to be lifted before it becomes a limiting factor on bitcoin's usability.
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August 27, 2012, 09:39:02 PM
 #43

The block size ceiling is supposed to be a temporary measure and to be lifted before it becomes a limiting factor on bitcoin's usability.
It exists precisely to prevent the early bloat before Bitcoin can scale to or justify that this thread is concerned with.
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