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Bitcoin’s 1MB Block Size Limit ‘Starting to Fade Away’,

  • Published on: Jul 11, 2018 - 2:06 PM
  • Source: Bitcoinist

Bitcoin’s 1MB Block Size Limit ‘Starting to Fade Away’,The Bitcoin network is now regularly producing blocks over the 1MB block size limit that was in place prior to Segregated Witness (SegWit).  Bitcoin Blocks Now Exceed 1MB Bitcoin 00 has been growing in popularity since it was created almost a decade ago. It is used by more and more people each day — and more transactions mean bigger blocks forming the block-chain. The blocks produced by the Bitcoin network (approximately every 10 minutes) are now exceeding the 1MB limit that was in place before Segregated Witness was introduced in August of last year. “After the upgrade to SegWit in Augu …

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