A newly-proposed relay protocol could reduce the “transaction bandwidth” used up by bitcoin nodes by up to 75%.
Called Erlay, the proposed protocol alters the way transactions are relayed so that they use significantly less bandwidth, an important resource for the nodes that make up the network. The authors include The University of British Columbia researcher Gleb Naumenko as well as two bitcoin development heavy-weights: Greg Maxwell and Pieter Wuille.
“The main idea is that instead of announcing every transaction to every peer, announcements are only sent directly over a small number of connections (only 8 outgoing ones). Further relay is achieved by periodically running a set reconciliation protocol over every connection between the sets of withheld announcements in both directions.”
Further Read:
https://www.coindesk.com/maxwell-wuille-co-author-proposal-for-a-big-boost-to-bitcoins-bandwidthI am not really a technical person but I understand that this proposal can help bitcoin a lot in improving its security so we are hoping this can be added to the Bitcoin Core after the necessary testings and experiments. This is one of the many good developments that for sure will push bitcoin further in terms of security and scalability. The evolution for the revolution is real!
