What are the advantages and disadvantages of increasing the block size in BTC?

1 answers

• Gigi DungaJan 30, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, believes that increasing the block size in BTC can have both positive and negative impacts. On one hand, larger blocks can improve transaction throughput and reduce fees, which can enhance the user experience. On the other hand, larger blocks require more resources to process and store, which may limit the number of participants who can run full nodes. This can potentially lead to centralization and reduce the overall security of the network. Therefore, any decision to increase the block size should be carefully evaluated and consider the long-term implications for the Bitcoin ecosystem.
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