BITCOIN NETWORK CAPACITY IS REACHING A CRITICAL STATE: MIKE HEARN

Very few things in this world that we use every day have unlimited growth potential. The Internet, as we now know it, has limits of which we need to be mindful. Your smartphone’s data plan certainly has limitations. The Bitcoin network itself also has limitations, and these limitations may be holding Bitcoin’s development back, so core developers are getting involved in upgrading the capacity through different means.
Mike Hearn talked to Satoshi Nakamoto about this
Back in 2010, Bitcoin Core Developer Mike Hearn had questions about the limitations of the Bitcoin network and when adjustments should be made. He emailed Satoshi Nakamoto about this upcoming issue, and this was Satoshi’s response:
‘A higher limit can be phased in once we have actual use closer to the limit and make sure it’s working OK. Eventually when we have client-only implementations, the block chain size won’t matter much. Until then, while all users still have to download the entire block chain to start, it’s nice if we can keep it down to a reasonable size.’

This post was published at Crypto Coins News on 06/05/2015.