Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Re: How to handle more than 2k plus number of transactions in 10 minutes
by
ETFbitcoin
on 23/02/2018, 03:48:06 UTC
⭐ Merited by Xynerise (1) ,Choii (1)
We know that a block size is 1M,and produced about 10 minutes.
There is nothing like "block size" anymore in bitcoin since Segwit got activated, instead there is the concept of block weight
There is a block weight of 4MB.
So blocks can be larger than 1MB in size

Actually, maximum block weight is about 4000 kWU (unit measurement), not 4MB. With block weight, maximum block size we can see is near 4MB , not 4MB, but it's possible on specific transaction scenario and every transaction use Bech32. So, ideally we can see 2MB block size even if majority transaction use SegWit.

Quote
1 block consists of 2 thousands transactions.
A block can have way more --or less -- than  2,000 transactions depending on the block weight of the individual transactions.

True, also SegWit P2SH (which have backward compability) and SegWit Bech32 also a factor how much transaction can fit into a block.