Re:Why the practical applications of Bitcoin will be limited
by StavrosK on Wednesday March 04, 2015 @12:46PM
(#9145948)
Huh, interesting. I'm not familiar with the problem with large blocks, so I don't know why this proposed solution is good, but I'm glad it exists. If anyone wants to explain the problem, I would be indebted.
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Re:Why the practical applications of Bitcoin will be limited
by DennisP on Wednesday March 04, 2015 @12:57PM
(#9146028)
The time to propagate blocks is proportional to the block size, and if it takes too long compared to the block frequency, you end up with forks. That's the main reason we only have a block every 10 minutes, and limit to 7 tx/sec. But the transactions are sent separately, so the miners can make blocks out of them. There's no need to duplicate them all in the blocks themselves.