32 Megabytes blocks are here to stay

Bitcoin Cash process the first 32 MB blocks Saturday, Nov 10, 2018, and those blocks won't be the last to be mined. As we all know, Bitcoin Cash has a block size limit of 32 Megabytes today because as hardware gets cheaper, increasing that size will be much easier, and as transactions come to the network, the blocks will get filled. And that means that users of Bitcoin Cash won't have to pay outrageous fees when it comes to using their money.

Observes are studying the propagation of blocks to mark how much time it takes for the network to propagate those big blocks across the whole network. The usage of small blocks vs. large blocks has created a division in the Bitcoin Community, with Bitcoin Core and Bitcoin Cash creating their networks.

I don't think that blocks at 32 MB will create centralization because internet connections between 100mbps and 1GB are growing in many cities worldwide, and the 20TB hard drives are becoming cheaper day by day. Hardware is getting more affordable, but internet connections are also getting cheaper. And by 2030, we will have 100TB HDD and better internet connections with works on Internet 5G and fiber optics.

When it comes to more giant blocks, I get excited because I know that many users will benefit from this improvement. Not only do we have users using tips and small transactions where you can get on board a user with just as little as one penny, which means that now those that live and work in Africa that earn less than $2 a day can be banked by using Bitcoin Cash. They will have the benefits of a global currency.

I believe that in 10 years or so, Bitcoin Cash will have 128 MB blocks, and by that time, the hardware will have become more powerful and much cheaper than today. More giant blocks won't compromise decentralization because a regular computer of the future, within ten years, will have larger hard drives and more significant memory, and a better internet connection than today. We will have to stop the growth of blocks because the hardware can't keep up with software, but I don't think we have reached that limit just yet, and we don't have to stop innovation just because of such fears.

I think that once such a limit is reached in the hardware improvements vs. the growth of the network, then we will have to find a solution. Still, we don't need to stop today to worry about a problem that may or may not happen in the future. You move forward today and think of the solutions to the future issues as we go. After all, what is the point of worrying about something in the future if you can't have a better present? If Bitcoin Cash can have a better experience in the present, we will undoubtedly have a better experience in the future. I am saying to make an excellent network today and in the future, we will think of a solution, but we can't stop because of fears.

Want to read a more technical article about 32 MB blocks? Visit

https://news.bitcoin.com/bitcoin-cash-miners-break-records-processing-multiple-32-mb-blocks/