So every time
Block is added the size grows . Doesn't each node has this same size 142 gb per node in case of bitcoin. How is this scalable? It keeps on growing how would ordinary pc act as a node several years from now?
Each node holds the same size and blocks, that's the whole idea of the blockchain. If Ethereum's blockchain keeps growing, it would require more space to host its massive size per node, i.e. less nodes in the future? Unless they come up with a solution to solve that. And that's the dilemma.
Nice article. Interesting to see I'm not the only one that is thinking about this. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now. Besides coinmarketcap.com there is: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. Go to: https://www.coincheckup.com/coins/Ethereum#analysis For a complete Ethereum Investment research.
I think the Steem blockchain size will grow quickly too, and that is less of the problem for Sterm than for Etherium because of DPOS.
Nice, thanks for the info. Here's a link that explains DPOS.
https://steemit.com/money/@autosmile13/what-is-dpos-delegated-proof-of-stake
Plot steem on it.
Whatever you're doing,
you're doing it very well...
@pocketechange
I can't find any information about Steem's blockchain size. If anyone does, let me know and I'll gladly add it to the plots.
So every time
Block is added the size grows . Doesn't each node has this same size 142 gb per node in case of bitcoin. How is this scalable? It keeps on growing how would ordinary pc act as a node several years from now?
Each node holds the same size and blocks, that's the whole idea of the blockchain. If Ethereum's blockchain keeps growing, it would require more space to host its massive size per node, i.e. less nodes in the future? Unless they come up with a solution to solve that. And that's the dilemma.
Ripple for example solved that problem by using a ledger instead of a blockchain. Check this link for an explanation of how it works https://www.reddit.com/r/Ripple/comments/3ci0hm/how_big_is_the_ripple_blockchain/
Interesting Article love crypto, For many of us we just want to see a block chain internet and end the Google ,FB,Bull!
Me too. 100% with ya.
Very useful information @drakos
Updating Mist would be hell!
I am still not up to date after one week, such a pain in the ass...
Yes in my readings, I saw that it took a week to synchronize the ethereum blockchain. I guess it's taking more time now.
Nice article. Interesting to see I'm not the only one that is thinking about this. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now. Besides coinmarketcap.com there is: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. Go to: https://www.coincheckup.com/coins/Ethereum#analysis For a complete Ethereum Investment research.