Bitcoin blocksize less than the size of a floppy !?
Do core developers really believe that a block size of 1MB is sufficient for a global currency when it is fully adopted? It is less than the size of a floppy disk to record nearly 10mins of global transactions!? It does not matter if lightning succeeds or not, the bottom line is that the artificial and honestly ridiculous block size limit has almost killed Bitcoin scalability. I am not pro bch or anti btc, I am just a normal guy who wants to see crypto succeed. At this moment though, Bitcoin cash is the clear winner.
Mike Hearn: “If the Bitcoin community doesn't establish systems for containing this conflict it will arise again over some issue that appears superficially different to the block size debate, but underneath looks much the same.”
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Here’s how to properly earn a DeFi sized yield trading Bitcoin options
This post was originally published on this siteThis post was originally published on this siteI recently caught wind of an interesting Cointelegraph article explaining how investors could earn 41% APY on their Bitcoin without converting it to renBTC or WBTC. In the article, the writer laid out a detailed case for generating yield on Bitcoin (BTC) holdings by investing in options markets […]
Bitcoin's blockchain now "weighs" over 300 gigabytes. Image: Blockchain.com. While this amount of data might seem significant, a terabyte hard drive would easily cover it—and continue to do so for another decade or two. In contrast, an archival node on the Ethereum blockchain is already over five terabytes in size—and increasing at record speeds with growing block sizes —although a ... If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement client-only mode and the number of network nodes consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial ... Bitcoin Average block size Chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses Top100ToTotal Fee in Reward The size of the Bitcoin blockchain has experienced consistently high levels of growth since its creation, reaching approximately 285.06 gigabytes in size as of the end of June 2020. Charts providing a snapshot of the Bitcoin Cash (BCH) ecosystem Buy Now Buy Now On August 1, 2017, at Bitcoin Blockheight #478559, developers, exchanges, miners, and node operators running the Bitcoin Cash software began accepting larger blocks.
Trading Bitcoin: 4 Steps to Calculate Your Position Size ...
As Bitcoin grows, its blocks are starting to fill up, and thus discussion has been ongoing on how to best handle this. The block size limit is current 1mb per block, 4mb, 8mb and 20mb limits per ... If you use responsible risk management, you won't be stressed out if a trade doesn't go your way, and you won't feel the need to stay glued to your computer ... Bitcoin is changing the way we look at money. As we go through changes in our society we are seeing the importance of cryptocurrency in our lives. Cryptocurr... What is Bitcoin? Follow Evander Smart, Bitcoin journalist, author and video producer on a journey into Bitcoin, "The Future of Money" In these videos, learn Bitcoin facts, tips, lessons, and the ... Thomas Lee reflections on the size of the Bitcoin market and the number of users. Blockshow Event November 2019. THIS IS AN EXTRACT FROM ORIGINAL VIDEOCLIP T...