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The largest bitcoin-based market cryptocurrency is the first cryptocurrency ever created by Satoshi Nakamoto. Although Bitcoin had a fairly rapid adoption after its creation, Roger Ver, founder and famous promoter of Bitcoin Cash, says that its adoption was thwarted by its limited block size.
Rising costs led to a decline in the market
The Bitcoin block was limited to 1 MB when it was created, which was enough to comfortably accommodate transactions at that time. However, as Bitcoin developers did not increase in size, their blocking capacity was running out, which resulted in higher transaction costs, because you had to prioritize transactions based on criteria. According to Ver, this seriously delayed the adoption of Bitcoin. The table below explains better.
The size of the 1MB blocks has run out in January 2017, as indicated, and since then, the Bitcoin market capitalization percentage has increased, as commissions have increased, due to the shutdown of the company. ;adoption. The limited size of the blocks was the reason for the difficult Bitcoin range that led to the creation of Bitcoin Cash in case of disagreement over the increase in block size.
To read also: Roger Ver against the supporters of "Dropgold", says that bitcoin is the gold of the digital fish
Roger Ver has since been a strong supporter of Bitcoin Cash and has also strongly advocated for the adoption of BCH rather than Bitcoin because of the block size limit. Ver believes that the full block size is a deliberate action of Bitcoin developers. Would it be true that the developers deliberately refused to increase the size of the blocks?
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Roger Ver claims that the adoption of Bitcoin is limited in full blocks
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The Bitcoin block size set to 1 MB limits the number of transactions that can be handled by a block. This has led to an increase in transaction fees which, according to Bitcoin.com founder, Roger Ver, has reduced the adoption of Bitcoin.
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Ponvang Bulus
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Coingape
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