What Is the Main Argument for Increasing the Block Size Limit?
The main argument for increasing the block size limit is to increase the network's transaction throughput, which allows more transactions to be processed per second. Proponents argue this would reduce transaction fees, ease network congestion, and make the cryptocurrency more viable as a global payment system, especially during periods of high demand.
This is often framed as a necessity for scaling.
Glossar
Block Size
Capacity ⎊ The block size parameter fundamentally dictates the maximum data volume a single block can hold on a blockchain network.
Block Size Limit
Constraint ⎊ Block size limit, within cryptocurrency networks, fundamentally dictates the maximum data volume permitted within a single block added to the blockchain.
Transaction Throughput
Meaning ⎊ Transaction throughput quantifies the maximum number of transactions a blockchain network can process and validate within a given unit of time, typically measured in transactions per second (TPS).