0 sats \ 5 replies \ @03365d6a53 7 May 2023
why are the blocks so small when the fees are so high?
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0 sats \ 4 replies \ @iguano OP 7 May 2023
The block size limite was included in the bitcoin code by satoshi nakamoto in secret to protect the bitcoin blockchain from spam attacks like we are seeing atm.
So we can say high fees is how the network protect itself agains spam attacks.
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0 sats \ 3 replies \ @03365d6a53 7 May 2023
I mean, why aren't they closer to the limit (4mb)
perhaps the witness data isn't shown?
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0 sats \ 2 replies \ @iguano OP 7 May 2023
Well hard to explain, there is some guide already on internet that teach you how Segwit works .
But on a high level explanation I can say that the only part of the transaction who is outside the 1mb limit is the signature , so in order to get a 4mb block you need a signature of 3mb.
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40 sats \ 1 reply \ @shafemtol 8 May 2023
Both witness data and the rest of the transaction data count toward a single limit. That limit is 4 million weight units (WU) or, equivalently, 1 million virtual bytes (vB). Traditional transaction data counts as 4 WU (1 vB) per actual data byte. Witness data in segwit transactions counts as 1 WU (0.25 vB) per data byte.
Thus, a block can include up to 1 MB of non-witness data or up to (almost) 4 MB of witness data, but not both at once. If you have 3 MB of witness data (= 0.75 MvB), there's only 0.25 MB left for non-witness data.
So in order to reach the theoretical maximum of (almost) 4 MB in a block, you need the block to consist almost entirely of witness data, with only some minimal transaction data (some 100 to 200 B).
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0 sats \ 0 replies \ @iguano OP 8 May 2023
thanks for clarify
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