64 bit arithmetic soft fork
Posted by sjors
Feb 28, 2024/10:22 UTC
In the realm of blockchain technology, a recent proposal has sparked discussion regarding its impact on the blockchain size and the financial implications for transactions. The proposal suggests an increase in the blockchain size by 0.17% since the inception of the genesis block. This statistic is crucial as it provides insight into the growth pattern of the blockchain and potential storage challenges that might arise as the technology continues to evolve.
Another critical aspect to consider is the economic impact of this proposal, particularly who will bear the cost of the additional bytes required for transactions. Analysis of current and expected future transactions under this new proposal reveals potential adjustments in transaction costs. It is essential to understand these financial dynamics to assess the viability and sustainability of implementing such changes in the blockchain infrastructure.
TLDR
Join Our Newsletter
We’ll email you summaries of the latest discussions from authoritative bitcoin sources, like bitcoin-dev, lightning-dev, and Delving Bitcoin.
Explore all Products
We'd love to hear your feedback on this project?
Give Feedback