Upcoming Bitcoin SV Quasar Hardfork Dreams Big With 2GB Blocks

Upcoming Bitcoin SV Quasar Hardfork Dreams Big With 2GB Blocks

While Craig Wright, also known as “Satoshi Nakamoto”, has legal issues to worry about in regards to Dave Kleiman, his crypto project is getting for a hardfork.

The Quasar hardfork is going to expand the network's block size to 2000 megabytes which is equal to, two gigabytes as you probably know.

Quasar Galactica 

Named after the quasi-stellar object, the Quasar hardfork is going to be an interesting one. 

But no 2GB blocks will be allowed on the network as a majority of Bitcoin miners are going with the consensus blocksize of 512mb.

But a few weeks ago, the BSV project lead, Steve Shadders said that the hard cap will be removed fully by February next year.

Hard cap: Is the maximum sized block that a miner will accept as valid. This is the setting we intend to remove entirely in the Genesis upgrade next February.

The removal of Bitcoin's hard cap wouldn't lead to a “blockchain bloat,” straightaway. Especially when you consider the pure demand for the block space.

The combined lower price of Bitcoin SV and what seems to be an endless amount of space could open up the chain to “spam attacks.” But the network is yet to determine whether or not an abundance of micro-transactions would actually have a negative impact on the performance.

As reported by CCN:

“Increasing the blocksize is the primary component of both Bitcoin SV and Bitcoin Cash. Following their initial break with their parent chains (Bitcoin Cash in the case of Bitcoin SV), both teams established their own “scaling roadmaps.”

Buterin’s Thoughts

In other BSV news, the co-founder of Ethereum, Vitalik Buterin recently took part on Hardcore Crypto’s YouTube channel and put forward the argument that Bitcoin SV is a scam.

He said:

“Obviously BSV is a complete scam, but the delisting from Binance – that was interesting. There’s arguments in favour of it, but then there’s also an argument that this is a centralized exchange that’s wielding a lot of power.”

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