Bitcoin Block Size News
All transactions made with Bitcoin are recorded into a blockchain block, the size of which is 1 MB. Initially, there was no limit, but as Bitcoin’s technology spread into the public, there were a number of hacking attacks in 2010 and containing the storage size of a block was something that could help make blocks more sustainable and protected from them. When making transactions with a small amount of data, such as in case of creating a new block, users didn’t even notice the limit. Nevertheless, as a number of miners, sellers and buyers increases every day, problems due to the size of the blockchain are becoming more evident. Nowadays, some are considering expanding the Bitcoin block size. However, it will take miners much more time to create a new block and amending the code is a complex process, so such an improvement might take a lot of time and money.
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction.
What the forks? Bitcoin Cash and Ethereum Classic see triple-digit rallies
Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article ta...
Transaction fees, explained
Can Bitcoin's network handle mainstream adoption?
Bitcoin Still Faces On-Chain Scaling Trouble Ahead, Decred Co-Founder Says
The block size debate is among the most contentious discourse in Bitcoin, having spawned numerous community rifts and contested proposals.
Bitcoin Block Size, Explained
Bitcoin’s scaling crisis was one of several things Satoshi and earlier Bitcoiners never anticipated. Here’s how that 1 MB blocksize limit got put there.
Satoshi’s Best Kept Secret: Why is There a 1 MB Limit to Bitcoin Block Size
A Bitcoin fork means a “likely” loss of value, an investment source has said, regardless whether it is hard or soft.
Bitcoin Will Likely Lose Value With Hard or Soft Fork: Wealth Daily
Lightning Network payment channels will likely only compete with traditional processors when worth over $150, Ryan X. Charles has calculated.
Bitcoin Payment Channels Only Competitive At 1000x Block Size: Ryan X. Charles