Adaptive Block Size refers to a dynamic method of adjusting the size of blocks in a blockchain based on network demand. Instead of having a fixed block size, which can lead to congestion during periods of high transactions, this approach allows the block size to increase or decrease as needed.When transaction volume spikes, the network can accommodate more transactions by enlarging the block size, reducing delays and ensuring faster confirmations. Conversely, during times of low demand, the block size can decrease, optimizing resource usage and maintaining efficiency.This flexibility helps in improving scalability and can enhance user experience by minimizing transaction fees and wait times. Adaptive Block Size aims to strike a balance between security, speed, and decentralization, allowing the network to respond effectively to varying conditions and usage patterns.
Ripple, Absa Partner to Launch Digital Asset Custody in South Africa
Ripple has entered a strategic partnership with Absa Bank to provide digital asset custody services to customers in South Africa,