Size Matters: Terabyte Blocks Will Handle 7 Million Transactions per Second

[kreslik.news]

Blocks on the Bitcoin blockchain are 1 megabyte in size, meaning that every time 1 megabyte of information is processed on the system, the block must be verified by miners. This has become prohibitively slow as the system has grown.

Enter Bitcoin Cash, with its 8 megabyte block size. Less frequent verification means that processing time is quicker, making the coin more workable as a functioning currency.

But what if we were to push the concept of block size to its limit? A blog posted on Sunday posits mammoth digital monoliths of a staggering terabyte in size! The reasoning: “…hashing power provides ... (read more)