The largest block is mined in the bitcoin network due to Segregated Witness.

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The largest block is mined in the bitcoin network due to Segregated Witness.
2018-09-10 in BITCOIN, BLOCKCHAIN

The block #540107 was mined in the main network of bitcoins, which is the largest in the history of cryptocurrency. The size of this block – 2.259 MB. This was reported by Conan O’Bitcoin in his Twitter account.

This was made possible by the implementation of the Segregated Witness (SegWit) protocol and the introduction of batching of transactions.

Segregated Witness is a protocol update that is designed to solve the problem of the plasticity of blockchains transactions and increase bandwidth. A similar update was made for other cryptocurrencies. This list includes Litecoin, DigiByte, Groestlcoin and Vertcoin.

SegWit is a “soft fork” and allows the network to function in the former mode. However, the structure of data storage in the block and the mechanism for verifying transactions for full-fledged network nodes are changing. Now signatures and scripts are allocated in a separate structure, called a “segregated witness”. This allows the main block to accommodate more transactions, and also eliminates the variability of the identifier of the same transaction.

The extended block is theoretically limited to 4 megabytes, but in fact the maximum block size is just under 2 MB.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,081.21
  • ethereumEthereum$162.67
  • rippleXRP$0.323646
  • tetherTether$1.01
  • eosEOS$5.29
  • stellarStellar$0.115147
  • litecoinLitecoin$77.55
  • cardanoCardano$0.083379
  • tronTRON$0.026152
  • moneroMonero$64.71
  • iotaIOTA$0.314501
  • nemNEM$0.066260
  • dashDash$119.21
  • neoNEO$11.04
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