Scalability
Satoshi discusses Bitcoin's scalability, comparing potential transaction volume to Visa and explaining how the system can scale with technological progress.
4 entries
Satoshi discusses Bitcoin's scalability, comparing potential transaction volume to Visa and explaining how the system can scale with technological progress.
Satoshi warns against using a block size limit patch, agreeing with theymos that it would cause network incompatibility, and suggests phasing in changes later when needed.
Mike Hearn asks about the origin of the 21 million coin limit, the 10-minute block target, and the 500KB block size limit while working on a Java SPV implementation for Android.
Proposed Segregated Witness (SegWit), the most significant protocol upgrade since Bitcoin's creation. By separating signature data from transaction data, SegWit fixed transaction malleability, enabled the Lightning Network, increased effective block capacity, and introduced a new transaction format — all via a backward-compatible soft fork.