Tag: block size

Despite the constantly increasing concerns in Bitcoin’s community on the digital currency’s growth limit, there still appears to be some room left to worry about other subjects.

About 1.5 years ago Digiconomist featured a blog on how a simple concept called “economies of scale” played an important role in explaining why Bitcoin’s Proof of Work algorithm incentivizes hashrate centralization. By restraining Bitcoin’s block size limit, Core developers are about to unleash the same concept on …