Viewing a response to: @musing-threads/pk28pz4vq
<a href="https://musing.io/q/littymumma/what-is-the-effect-of-growing-blockchain-size-year-by-year-to-the-health-of-bitcoin-blockchain-is-it-really-a-matter-of-concern-or-it-will-be-well-cou"><b>View this question on Musing.io</b></a>
| author | littymumma |
|---|---|
| permlink | p37zjz2tw |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["bitcoin","blockchain"],"appCategory":"bitcoin","appTitle":"What is the effect of growing blockchain size year by year to the health of bitcoin blockchain? Is it really a matter of concern or it will be well countered with cheap hard disk space in future?","appBody":"","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}" |
| created | 2019-03-29 05:48:39 |
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<a href="https://musing.io/q/littymumma/what-is-the-effect-of-growing-blockchain-size-year-by-year-to-the-health-of-bitcoin-blockchain-is-it-really-a-matter-of-concern-or-it-will-be-well-cou">View this answer on Musing.io</a>
| author | crypto-wisdom |
|---|---|
| permlink | pkgej7abq |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["bitcoin","blockchain"],"appCategory":"bitcoin","appTitle":"What is the effect of growing blockchain size year by year to the health of bitcoin blockchain? Is it really a matter of concern or it will be well countered with cheap hard disk space in future?","appBody":"<p>It is true that blockchain size is increasing and it is a subjective debate with many variants. With every addition of block to the ledger, it is adding to the growing blockchain and whether or not a concern, only time can tell. Because I believe that even if we consider cheaper hard disk space in future, there will be some new technology to tackle the issue for blockchain size. But let's analyze first how much it is adding with some statistics.</p>\n<p>The maximum block size range is 1 mb to 4 mb and every 10 mins a block is being produced. So if we consider an average size of the block as 2 mb(as some will also use segwit) then it will be 288 mb per day and if all the bitcoins be mined by 2140, then the total number of blocks will be 6929999. So if we consider 2 mb per block then total maximum size will be 12.4 TB by 2140. </p>\n<p>I think there will be some new technology which can reduce the transaction size and there will be other solutions too with the passage of time. </p>","appDepth":2,"appParentPermlink":"p37zjz2tw","appParentAuthor":"littymumma","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2019-04-01 16:55:54 |
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<a href="https://musing.io/q/littymumma/what-is-the-effect-of-growing-blockchain-size-year-by-year-to-the-health-of-bitcoin-blockchain-is-it-really-a-matter-of-concern-or-it-will-be-well-cou">View this answer on Musing.io</a>
| author | rok-sivante |
|---|---|
| permlink | pksjfexbq |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["bitcoin","blockchain"],"appCategory":"bitcoin","appTitle":"What is the effect of growing blockchain size year by year to the health of bitcoin blockchain? Is it really a matter of concern or it will be well countered with cheap hard disk space in future?","appBody":"<p>Challenges will be solved as they arrive.</p>","appDepth":2,"appParentPermlink":"p37zjz2tw","appParentAuthor":"littymumma","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2019-04-02 14:49:45 |
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