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Author Topic: A possible solution to blocksize limit  (Read 504 times)
dree12 (OP)
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March 07, 2013, 04:28:33 AM
 #1

Is there demand for a solution that will (hopefully) solve the problems below? I ask because I don't wish to bother the devs with an incomplete and useless proposal.

BIP RFC: A solution to the block size limit?
Changes
This solution requires several changes to the Bitcoin system:
  • The block header has an additional field added to it: the size of the block.
  • The algorithm for chain length is changed. See below for details.
Strengths
There are several strengths in this system.
  • There is no need to increase the size of the block limit.
  • Clients do not waste bandwidth downloading large blocks.
  • Block sizes will be regulated through risk and reward, that is, by the market.
Weaknesses
There are several weaknesses in this system.
  • A 51% attack is more dangerous, as miners have more control.
  • A 51% attack may be easier to conduct, as the attacker could mine empty blocks.
Concepts
This solution relies on several properties of the Bitcoin system:
  • The length of a chain can be determined through only the block headers.
  • The block headers are of a fixed size.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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poly
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March 07, 2013, 12:45:13 PM
 #2

How would it work exactly? Let's say there's two chains:

Block A - 210kb -> Block B - 300kb -> Block C - 582kb

versus

Block A - 210kb -> Block D - 175kb

Doesn't sound like it'll work well.

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