Bitcoin Cash (BCH) going to 32MB per Block Later this Year
Bitcoin Cash already has a large block size of 8MB and the network can easily handle transactions keeping costs low. But developers want to increase it to 32MB later this year with an expected increase in the use of Bitcoin Cash.
The big question is whether or not major mining pools are confident they can support 32MB blocks. Especially when it comes to Chinese service providers, the existing infrastructure may not be able to deal with such a large block size right away.
Given Antpool’s recent switch to 4MB blocks, it seems they are testing the waters to see how far they can push things. Going to 32MB is a major increase, though, and no one should underestimate how much pressure it will put on the company’s infrastructure in the coming months and years.
Thanks for the post- peace, Kris