Feb 12, 2019 08:00 UTC
Feb 12, 2019 at 08:24 UTC
How Big Is The Bitcoin Cash Blockchain?
Have you wondered what the size of the Bitcoin Cash blockchain is? How big is the Bitcoin Cash blockchain really? Well, if you have, this is where we tell you all about it.
However, before we delve deep into it, let us first figure out why this piece of information is so relevant to begin with.
To quote the Bitcoin Cash website, it is a “peer-to-peer electronic cash” that is used for
“Enabling new economies with low fee micro-transactions, large business transactions, and permissionless spending.”
You May Also Read: How Big Is The Ethereum Blockchain?
Bitcoin Cash Blockchain Size: How Does it Matter?
The Bitcoin Cash blockchain size matters to you if you are planning to become a full node of the BCH blockchain.
To become a full node means to be able to validate transactions and be a part of the decision-making process to determine what transactions will be a part of the distributed ledger.
So, the size helps you to determine how much space you must set aside for running the client of the blockchain and participating in the capacity of a full node.
Nodes: What Does The Whitepaper Say?
Bitcoin Cash is a fork of Bitcoin. As a result, it uses the same basic vision that is used by that pioneering cryptocurrency and its blockchain.
To quote the Bitcoin white paper:
“Nodes always consider the longest chain to be the correct one and will keep working onextending it. If two nodes broadcast different versions of the next block simultaneously, some nodes may receive one or the other first. In that case, they work on the first one they received, but save the other branch in case it becomes longer. The tie will be broken when the next proof-of-work is found and one branch becomes longer; the nodes that were working on the other branch will then switch to the longer one.
New transaction broadcasts do not necessarily need to reach all nodes. As long as they reach many nodes, they will get into a block before long. Block broadcasts are also tolerant of dropped messages. If a node does not receive a block, it will request it when it receives the next block and realizes it missed one.”
Given that the node must take the “longest chain” to be the correct one, the size of the blockchain is a crucial factor to consider when it comes to understanding how much space you’d require to run a full node.
You May Also Read: How Big Is The Bitcoin Blockchain?
What is The Size of the Bitcoin Cash Blockchain?
As per information sourced from charts.bitcoin.com, at the time of writing, the size of the Bitcoin Cash blockchain is around 130.3 gibibytes (GiB) in size.
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