Adjustable Block Size

Definition ∞ Adjustable Block Size is a blockchain protocol feature that permits modification of a block’s maximum data capacity. This mechanism allows networks to dynamically scale transaction throughput based on current demand or operational conditions. It addresses the scalability challenge by providing flexibility in processing more transactions within a single block. This adjustment can influence transaction fees and confirmation times across the network.
Context ∞ Discussions surrounding Adjustable Block Size frequently arise during debates concerning blockchain scalability and network congestion, particularly for public ledgers experiencing high transaction volumes. Its implementation can significantly impact a cryptocurrency’s utility and adoption by affecting its speed and cost efficiency. Future developments will likely focus on decentralized governance models for adjusting this parameter to maintain network stability and fairness.