Core’s 1MB limit holds bitcoin community hostage, says cryptanalyst

Contrary to Bitcoin Core’s belief, 1MB is not a magical number that we shouldn’t change without SegWit.

If you’re just joining us, there’s a war currently being waged over the future of the popular cryptocurrency. On one side we have the Bitcoin Unlimited, which is pressing for a hard fork of the blockchain to increase the current 1MB block size for a more robust bitcoin environment, while the other camp (aka Bitcoin Core) continues to insist that the blockchain’s original design must remain in its current form. Core developer Luke-Jr even went on record claiming the 1MB limit is already far too large for today’s blockchain use, given that all legitimate uses of the blockchain currency “amount to approximately 750k/block average.”

Core’s rationale, however, defies logic, according to developer, business analyst and cryptanalyst Eli Afram.

“By not allowing even an interim 2 or 4MB blocksize increase while we await other scaling solutions, Core are effectively sending out the message that 1MB is the right max_block_size number for now,” Afram wrote in a CoinGeek post.