How Does the Blank Block Structure Impact the Overall Block Size?
The blank block structure in the PoW phase has a minimal impact on the overall block size because it only contains the header information, which is small. The majority of the block size is determined during the PoS phase when the selected validators fill the block with transactions.
Therefore, PoA does not inherently lead to smaller or larger blocks compared to a pure PoS system; the transaction capacity is determined by the PoS validation rules.
Glossar
Block Size
Capacity ⎊ The block size parameter fundamentally dictates the maximum data volume a single block can hold on a blockchain network.
Blank Block
Definition ⎊ A blank block refers to a block in a proof-of-work blockchain that contains no transactions, only the block header and the coinbase transaction.
Maximum Block Size
Capacity ⎊ Maximum Block Size, within cryptocurrency networks, defines the upper limit of transaction data contained within a single block on the blockchain; this parameter directly influences transaction throughput and network scalability, impacting the speed and cost of processing transactions.
Network Scalability
Constraint ⎊ Network Scalability refers to the fundamental limitation on how many transactions a blockchain can process concurrently while maintaining its core properties of decentralization and security, a constraint that directly impacts the viability of high-frequency options trading.
Transaction Capacity
Throughput ⎊ Transaction Capacity, within cryptocurrency, options trading, and financial derivatives, represents the maximum rate at which a system can process valid transactions, directly impacting scalability and operational efficiency.