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    Author Topic: Size of public ledger?  (Read 1121 times)
    Bitcoinfraud (OP)
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    July 21, 2014, 09:13:57 PM
     #1

    Size of public ledger

    Ok
    From what I understand every transaction since genesis is in the public ledger

    Anyone know how many transactions in it?
    How many bytes does the average transaction take to store?

    Right now it looks like a minor ledger
    70k trans a day
    Visa n mastercard does 10k a second
    800m a day

    So 800m to 70k

    So how many bytes does a transaction consume?

    If this thing becomes 1% of gwp or 10% of visa/mc

    Thats 80m transactions

    So a continuous log is not realistic in big numbers

    Sure tiny numbers like 70k a day no big deal

    80m
    8m transactions

    That would be huge data load

    So

    Is every transaction what a new node downloads?
    Ok
    How many transactions since genesis
    Then
    How many giga or terrabytes is that file now

    Minor trans like 70k a day and people cimplain the ledger too big to handle

    Imagine if it does become mainstream

    I dont see one big ledger working for billions of transactions

    Anyone got real answers to my questions?

    Or am I the only one that understands dataloads, bytes, bandwidth, drive limitations, etc

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