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Bitcoin Block Size is Being Increased

Posted: Mon May 04, 2015 8:55 pm
by Phillip George
Finally the Bitcoin block size is being increased. Its been artificially capped at 1MB for a long time, but the network is finally maturing enough to justify an increase. I genuinely feel that an increase has been long overdue. We want a protocol and network that can scale with future demand and not a network that can only handle 7 transactions a second. What is everyone elses thoughts on this? :)

http://gavinandresen.svbtle.com/why-increasing-the-max-block-size-is-urgent