Related Posts Plugin for WordPress, Blogger...

Friday, 17 July 2015

Jeff Garzik Submits Proposal to Double Bitcoin Block Size Limit

http://ift.tt/eA8V8J

Bitcoin core developer Jeff Garzik has proposed increasing bitcoin's block size limit to 2MB. Blocks – which are created every 10 minutes – currently hold only 1MB of transactions each. However, if the bitcoin network is to scale competitively it will need to exceed the three to seven transactions per second it currently supports. With the 1MB limit looking […]

via CoinDesk http://ift.tt/1fPvR2U

No comments:

Post a Comment