Bitcoin’s Capacity Increase From Segregated Witness Could Kick In Fast

The blockchain underlying Bitcoin uses a Proof-of-Work (PoW) protocol where miners.

when varying blocksize to investigate what the optimal blocksize in Bitcoin.

Notwithstanding, non-segwit miners can build on the same chain as segwit.

found for a long time and smaller if blocks are found quickly after each other. 7.

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EB117 – Eric Lombrozo: Upgrading Bitcoin With Segregated Witnesschain has provably executed the most computational work (Nakamoto 2009).

As is, one can see that the Bitcoin protocol has set a rigid parameter for block frequency.

Segregated Witness is the third key transaction compression improvement.

Bitcoin blockchain such that capacity increases without any underlying.

27 Mar 2019.

Increasing block size: 2X, 8X,

, ∞X; Smaller transactions: SegWit et.

However , 8 MB blocks mean the total BCH blockchain size will likely increase at a much faster rate,

Let's take a look at how this would work in real life.