Title: The trend of “long transaction chains” Post by: Brandsen on October 14, 2016, 11:40:52 PM Please take a look on these two charts:
A: Confirmed Transactions Per Day: https://blockchain.info/charts/n-transactions?timespan=2years B: Number Of Transactions Excluding Chains Longer Than 100: https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-100?timespan=2years Long chains have been steadily decreasing, but still, about 1/3 of all transactions takes part in long chains. (And yes, I do know that there are some legitimate reasons...but I believe better solutions are coming..) I’m mostly just speculating here, but it seems to me that the downward trend of “long transaction chains” may be a result of increasing fee levels.. If so, this behavior is slowly being priced out of the blockchain... But lets say the blocksize limit is doubled tomorrow… If we assume that a doubling of the blocksize will result in fees getting halved.. What do you think will happen to the trend of “long transaction chains” ? If the fee is cut in half wouldn't that stimulate a doubling of this phenomenon? I believe that people who need bitcoin are more than willing to pay to use it. I also believe that people who don’t need bitcoin are not going to start using it just because it is free or very cheap. Maybe it is a good thing that the behavior of “long transaction chains” is being priced out of the blockchain…? Thanks for reading my post! All feedback is appreciated! Title: Re: The trend of “long transaction chains” Post by: philipma1957 on October 14, 2016, 11:51:25 PM I do not see what you see.
Long chains are pretty flat. we are doing about 200-250 k transactions every day since Jan 2016 that 250k number is very close to the most we can do under current header size at 590k is all 1 transaction blocks so we cap near 250k. the ˝ ing does not effect that. we are doing about 100 -125 k transaction every day since Jan 2016 to May 2016 under 100 then about 125 - 150 k transaction every day since May 2016 under 100 so it appears at first you are correct but you are simply leaving out the ˝ ing influence . so if we did reduce larger chains from say 150k of 250k to 100 k of 250 k my guess is the ˝ ing is why. Also many large pools simply get bigger and have a bigger chain when they pay. here is a medium small pool 1 block chain https://blockchain.info/tx/3efc6be8bad78471073a128eb3084b9e9a8260515293e094ad982c221d195f34 this has more then 100 in it . so bigger pools like f2pool have bigger ones then that. and they confirm there own block it reduces the the big chains a bit. not the one chain it may be 400 or 500 big but the number is less. say 10 of 800 vs 50 of 160 Title: Re: The trend of “long transaction chains” Post by: Brandsen on October 15, 2016, 12:19:52 AM I do not see what you see. Long chains are pretty flat. I should have phrased it better… Out of all transactions within blocks; the percentage consisting of “long transaction chains” is decreasing.. |