Tag: small blocks

New BIP Proposes a Block Size Decrease

Yes you heard right, Luke Dashjr – a bitcoin core developer – has issued a new BIP (Bitcoin Improvement Proposal)¬†earlier today suggesting Bitcoin decreases its blocksize limit to a third of what it currently is.¬†This BIP proposes a hard fork in which case the Bitcoin blocksize limit would be reduced to 300 kilobytes. The first thought that may come to your head is that this proposal is pure insanity. Why …
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