January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Motivations to increase the block size
Increasing the block size is an obvious approach to achieve higher transaction throughput. But there are several other factors that could motivate an increase in block size:
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Increased transaction activity may result in a bottleneck and thus clog the blockchain network. Some transactions might get delayed or lost forever.
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Increased waiting time for micro-payments would stop the innovation of the technology.
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Currently, users are forced to pay higher transaction fees to prioritize transactions.