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I have been experimenting with Bitcoin and I installed Armory wallet. It told me that it would take approximately 8 hours to sync the worldwide ledger.
My question is, as Bitcoin gets more popular, will it take longer to download the ledger?
If so, doesn't this pose a problem - could it get to big to be feasible?
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The short answer would be yes, if the chain becomes bigger it takes more time to download it.
The more detailed answer would be: there is plenty of options to make it quicker: for example you can download already constructed chain from some trusted source.
No, blockchain grows with time, not with popularity bigger blocks can be a factor but are not the main issue. – frisco – 2014-01-24T17:08:14.563
The question was if it is going to take more time, the answer is yes it will because it become larger. – Roman Mandeleil – 2014-01-24T17:12:43.283
Both in title and description the question is linked with Bitcoin becoming more popular and even if Bitcoin become less popular and even abandoned except for a minority the blockchain will continue growing. So no blockchain size problem has nothing to do with popularity. – frisco – 2014-01-24T17:17:55.663
1what about much more transactions data in each block ? common take the -1 off :) – Roman Mandeleil – 2014-01-24T17:19:39.473
Please see further detail on my question. It is distinctively different, as I would like to know if the growth will cause a problem. Thanks :) – Luke – 2014-01-24T16:46:20.407
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Regarding that edit: Possible duplicate of Are there any studies into the size of the blockchain scaling over time?, How big will the block chain become?, Can blockchain size become a blocker for bitcoin adoption? ;)
– Murch – 2014-01-24T16:50:20.510It's a good question, but it has been asked a few times already. :) – Murch – 2014-01-24T16:53:36.980
Although this question is in principle a duplicate, it's so that Armory does not really downloads the blockchain, but parses it from Bitcoin-Qt. But they are working on changing that so that it does not take 8 hours every time you open the client. Not sure how far they are with that. – Steven Roose – 2014-01-24T17:14:20.413