tag:blogger.com,1999:blog-943061409344261913.post5018540190005075659..comments2016-05-01T23:46:42.255-04:00Comments on IS 251 @ Loyola University in Maryland: Why Everybody Cares About the BlockchainUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-943061409344261913.post-69576628480103302572015-11-11T16:13:21.487-05:002015-11-11T16:13:21.487-05:00One thing I think you may missed in this post is t...One thing I think you may missed in this post is the ever growing size of the blockchain. After every transaction is completed, the transaction is recorded and verified by one of thousands of nodes around the world; however, a new hash value will always be tacked on to the tail of the blockchain, increasing its size. Now, remember that bitcoins height of popularity so far was in 2013, which has since then dropped significantly; if we were to see a worldwide adoption of blockchain, storage and synchronization speeds will become very big problems. Right now, bitcoin transactions per day top off at a quarter million, just imagine worldwide usage, where there are hundreds of millions if not billions of transactions per day, it is several orders of magnitude larger than today's usage, and may not be able to handle that sort of traffic. Anonymoushttps://www.blogger.com/profile/09099818855583088399noreply@blogger.com