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Cornell Institute Study on Block Size Scaling Yields Interesting Results
In a recent paper detailing a study from the Jacobs Technion-Cornell Institutes Initiative for CryptoCurrencies and Contracts (IC3),
researchers discovered that Bitcoins block size can be scaled to 4MB with no appreciable impact on its decentralization. Moreover, their tests concluded that this scaling would result in more than a tenfold increase in the number of transactions performed each second.
The study, On Scaling Decentralized Blockchains, documents a test of 4,000 nodes, and included monitoring of bandwidth performance measurements for each. The results found that fully 90% of those nodes remained operational with a 4MB block size, and
that scaling increased the number of transactions performed each second from its current 2.5 transactions to roughly 27 each second.
The study also concluded that roughly half of those nodes were unfazed when the block size was increased to just short of 40MB, and about 10% remained operational at block sizes of 200MB.