Why is the size of the Bitcoin ledger increasing over time?

1 answers

• 2222 dddMay 13, 2023 · 3 years ago
  The size of the Bitcoin ledger is increasing over time due to the decentralized nature of the Bitcoin network. Unlike traditional banking systems where a central authority maintains the ledger, in Bitcoin, the ledger is maintained by a network of computers called miners. These miners validate and record transactions on the ledger, and as more miners join the network, the ledger grows in size. Additionally, the increasing adoption of Bitcoin and the growing number of transactions being made on the network also contribute to the continuous increase in the size of the ledger. It's important to note that the size of the Bitcoin ledger does not necessarily indicate inefficiency or scalability issues, but rather reflects the growth and usage of the network.
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