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by gamepsys
870 days ago
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Maybe my global transaction number is off. I'm not sure if the blockchain algo would have other bottlenecks when at 10gb blocks which is the size it would need to grow in order to accommodate 70k/sec. Certainly storage and network transfer is sufficient enough. It seems pretty feasible to process 16.67 MBps of data even on inefficient algorithms. |
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The complete blockchain is currently about half a TB.
According to bitcoin technology experts, a network of Full Nodes is more secure than a network of Partial Nodes. Right now almost anyone can run a Full Node. If you make the blockchain grow by 1.5 TB per day, only big corporations will be able to run Full Nodes.
So no, existing storage and network transfer is not sufficient for large block sizes, at least not for the current way we validate BTC transactions. I assume if there was a good technology fix for the full/partial node issue, it would have been implemented already.