** Ethereum: Can blocks remain limited to 1MB forever?
The Ethereum network built on Blockchain technology is not only a decentralized cryptocurrency transaction platform, but also a complex system with different layers of security. Can one aspect of the blocks remain limited to 1MB forever? Let’s dive into the economy behind this question.
The economy behind the size of the block
In 2017, “Block size restriction) process process. This limit has been set to 4MB and is still in place today, though with some modifications. However, the size of the block is not just a performance.
In 2017, the developer of Ethereum, Vitalik Buterin, said the size cap cap would be increased according to the needs of the network. It also proposed to use a consensus -based consensus algorithm (POW) to limit the number of transactions per second (TPS), which, when rotated, limits the size of the block.
The case of leaving the block size cap at 1MB
There are several arguments that support leaving the block size cap at 1MB forever:
* Cost
: In fact, a study by the University of Cambridge estimated that the mining Ethereum consumes about 150 MW electricity.
S This stability is especially important for high traffic networks such as Ethereum’s mainnet.
* Transaction capacity
: With a larger block size (eg 1MB), more users can participate in the network without being offered decentralization and security.
The case against leaving the block size cap at 1MB
A few arguments that suggest leaving the cap caption of the block at 1MB is not viable:
* Costs : Although the increased computing power required to pass Ethereum would still be significant, this may not be enough to justify the drastic reduction in the size of the block. Reducing the size of the block size from 1MB to 0.5MB will require about $ 15 million in hardware to yield.
* Network Effect : Reducing the block size cap can lead to a reduction in network performance, ultimately damaging the user experience.
S Miners costs have increased consumer costs.
Potential solution
So what is the best approach? A potential solution may be to apply a more gradual reduction in the block size cap over time. Network.
Another option is to investigate alternative consensus algorithms that are less energy, such as proof of betting (POS) or delegated betting evidence (DPOS). These alternatives could potentially reduce the computer.
Conclusion
Although there are valid arguments on both sides, it is clear that the Ethereum network is not designed for a cap of 1MB forever. Examining alternative solutions and the gradual reduction of the block size cap can mitigate potential problems and guarantee the long -term network resistance.