Cryptocurrency Q&A
How big would a bitcoin blockchain be if there were no transactions?
How big would a bitcoin blockchain be if there were no transactions?
GyeongjuGloryDaysFestivalJoy
Thu Jul 11 2024
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5 answers
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If we were to imagine a scenario where the Bitcoin blockchain existed but there were absolutely no transactions occurring on it, how substantial would its size actually be? Without the constant influx of transactions being recorded, would the blockchain simply remain stagnant at its initial genesis block? Or would there still be some growth, perhaps due to the need for network maintenance, updates, or even the occasional non-transaction related event? Understanding the potential size of a transaction-free Bitcoin blockchain could provide insights into its fundamental structure and the role that transactions play in its overall development.
5 answers
Chiara
Sat Jul 13 2024
The Bitcoin blockchain, being immutable, poses a unique challenge in terms of its scalability.
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BonsaiBeauty
Sat Jul 13 2024
With its unalterable nature, the blockchain accumulates data over time, gradually increasing in size.
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Tommaso
Sat Jul 13 2024
This growth in size presents a storage challenge, as eventually, large amounts of memory will be required to house the entire blockchain.
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Valentino
Fri Jul 12 2024
The Bitcoin Whitepaper, the foundational document outlining the principles of Bitcoin, forecasts this issue.
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Bianca
Fri Jul 12 2024
It predicts that even a single block header, devoid of transactions, would occupy approximately 80 bytes of data.
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