Hi all,
I've recently discovered something is quite concerning for me, i.e. with Segwit transactions single block size will rise up to 4 Mb.
This would lead to a blockchain increase up to ~200 GB/year, while a normal laptop does not have more than 500 GB.
Right now blockchain is already at 200 GB.
In ten years it seems quite unsustainable. Common users will cease to run a full node, only pros and geeks will do that,
and we'll never have millions of full nodes in that way.
If bitcoin is peer to peer electronic cash and want to be worldwide, IMHO more than mining centralization and price dumping
it's mass adoption of the peer-to-peer network that should be concerned.
If LN will have a great development in the following years, and I hope I will. what about reducing block size back to 1 MB or even lower?
I would like to have explanation and thoughts about a technician.
Thanks in advance.
When I bought my first PC, It has only 80GB HDD. Then I bought new one and it has a 250GB. Now, I have a computer and it has a 1TB HDD.
I can give another example to you. When I was a child VCD movies were starting new. And they had a max. 700MB capacity. We are watchind 3D or 4K videos now. And there are disc which has a great capaticy. 4K movies almost takes 30GB data. So time is relative and data is also. Data sizes are getting bigger day by day just like technology. So you shouldn't care a data size. You may look energy problem. It is so important.