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Bitcoin Block Size Limit – An Important Parameter for Bitcoin or Limiting the Bitcoin Network?

The Bitcoin block size limit is a parameter in the bitcoin protocol that determines the size of bitcoin blocks. The average time required to create each block is 10 minutes and its size is 1 MB. Bitcoin blocks contain a file in which the data pertaining to new transactions in the bitcoin network is recorded.…Continue readingBitcoin Block Size Limit – An Important Parameter for Bitcoin or Limiting the Bitcoin Network?