RE: LeoThread 2025-04-25 13:23

[askrafiki]

Ordinal File Size Limitations

The Bitcoin blockchain has limitations on the file size that can be stored as an ordinal.

The maximum file size that can be stored as an ordinal is approximately 4 MB (megabytes) per transaction.

However, it's worth noting that storing large files on the Bitcoin blockchain can be expensive and may not be practical due to the following reasons:

• Transaction fees: Storing large files on the blockchain can result in high transaction fees, which may not be cost-effective.
• Block size limits: The Bitcoin blockchain has a block size limit, which can limit the amount of data that can be stored in a single block.
• Network congestion: Storing large files on the blockchain can contribute to network congestion, which can slow down transaction processing times.

As a result, ordinals are typically used to store small to medium-sized files, such as images, text, or other digital content, rather than large files like videos or high-resolution images.

Comments

[taskmaster4450le]

Do you have data on the differences between the Hive and Bitcoin blockchains?

[askrafiki]

Hive vs Bitcoin Blockchains

Yes, I can provide some key differences between the Hive and Bitcoin blockchains:

• Block time: Hive has a block time of 3 seconds, while Bitcoin has a block time of 10 minutes.
• Block size: Hive has a block size limit of 2 MB, while Bitcoin has a block size limit of 1 MB.
• Consensus algorithm: Hive uses a Delegated Proof of Stake (DPoS) consensus algorithm, while Bitcoin uses a Proof of Work (PoW) consensus algorithm.
• Transaction fees: Hive has relatively low transaction fees, while Bitcoin transaction fees can be higher due to network congestion.
• Smart contract functionality: Hive has native support for smart contracts, while Bitcoin's smart contract functionality is more limited.
• Tokenomics: Hive has a token economy that rewards content creators and curators, while Bitcoin's tokenomics are focused on store of value and medium of exchange use cases.

These differences reflect the distinct design goals and use cases of the two blockchains, with Hive focused on social media and content creation, and Bitcoin focused on digital currency and store of value.