Sentences with phrase «simply increase the block size»
Like many other developers involved with Bitcoin Core, Schnelli views Segregated Witness (SegWit) as a viable alternative to simply increasing the block size limit.
https://bitcoinmagazine.com/
Simply increasing the block size to 8 MB still will not accommodate a global transactional network and will only lead to more centralization of the network.
Not exact matches
«Unfortunately Bitcoin simply doesn't scale well, so we don't have any easy way to respond to increased demand other than the fee market; block size can be bumped, but that increases centralization.
Meanwhile, while these proposals were being put forward and tested, a group of major Bitcoin miners who previously supported the SegWit2x proposal decided that deploying SegWit without increasing the block size would not be sustainable, as it would simply delay the scaling issue due to the size limit.