What is the longest chain of Bitcoin (Bitcoin blockchain length),
What is the longest chain of Bitcoin? Why is it said that Bitcoin can be expand
What is the longest chain of Bitcoin? Why is it said that Bitcoin can be expanded without a block size limit?
Essentially, the “Bitcoin blockchain” is a peer-to-peer network protocol or technology. It is a mechanism that puts all transactions on one ledger and creates and manages accounts based on the data each person owns. This means that anyone can perform arbitrary computations without taking up memory or storage space. It enables each transaction to use sharding for security, scalability, and sustainability, but also brings some additional performance requirements to the network. (Bitcoin.com)
Bitcoin blockchain length
According to LongHash, the length of the Bitcoin blockchain (BTC blockchain miner chain) has reached 10,400 blocks. This means that if you calculate the total time spent on these blocks, the number of transactions on the Bitcoin network is approximately around 140,000, and currently, this number is close to 4 trillion.
From a historical perspective, in the past few years, many people have considered using Bitcoin as an alternative asset, due to the increasing demand for mining equipment and recent price increases. However, this trend has now weakened as developers study how to leverage this data. According to Chainalysis data, by the end of 2021, mining activities worth over 1.5 billion dollars can be conducted per hour, so the network requires approximately 54,000 active nodes per day. In addition, some companies are trying to lower costs by introducing more features, such as allowing users to send, receive, or make Bitcoin payments directly.
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