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Bitcoin => Bitcoin Discussion => Topic started by: bitpump on May 07, 2015, 05:08:33 AM



Title: Why 1MB or 20MB ? Proposal for dynamic blocksize limit
Post by: bitpump on May 07, 2015, 05:08:33 AM
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )


Title: Re: Why 1MB or 20MB ? Proposal for dynamic blocksize limit
Post by: OrientA on May 07, 2015, 06:52:33 AM
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )

https://twitter.com/bitpump/status/596178770765160448

Cryptonote coins such as Monero (XMR) has already adopted similar method.


Title: Re: Why 1MB or 20MB ? Proposal for dynamic blocksize limit
Post by: inBitweTrust on May 07, 2015, 01:51:00 PM
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )

https://twitter.com/bitpump/status/596178770765160448

Dynamic blocksize limits lead to interesting new attack vectors on the network and may be unnecessary and an act of supererogation.