Bitcoin Cash Learns Block Size Economics, Ver Says BCH Not Restricted
Nikolai Kuznetsov's original article for cointelegraph.com reduced by 41%
Those who have followed the Bitcoin saga from the very beginning know that it's a mistake in 2019 to only pay attention to the so-called "Grandfather cryptocurrency," as that would mean ignoring Bitcoin's many relatives that share the same DNA. Bitcoin Cash, when it comes down to brass tacks, is similar to Bitcoin in most ways, but with one large distinction - it's bigger block size of 32 megabytes. Making block size the epicenter of the scaling debate complicates the problem with economics, and the ease with which blockchains multiply may have also impeded the industry as a whole.
Bitcoin still hasn't reached consensus on the matter, which is why so many projects have sprouted off of it - e.g., BCH, Bitcoin Gold, Bitcoin SV - and on top of it, such as the Lightning Network. With a dearth of machines capable of this kind of power anyway, it's no wonder that the network almost never mines blocks of maximum size, and the average block size largely strays toward 1MB or less. It's true that the hard-forked BCH can technically process a 32MB block, but it does not matter when most miners are unwilling to raise their block size limit.
Miners - and many who are part of the biggest BCH mining pools - don't have much incentive to allow larger blocks because their fees don't scale well with block size. "The 1MB block size limit and censorship of discussion clearly have already set the industry back by close to half a decade, and more mischaracterization of Amaury's post winds the clock back further. Bitcoin Cash's block size restriction isn't true..
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CN [too long; didn’t read]
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