[Bitcoin-development] Addressing rapid changes in mining power
timon.elviejo at gmail.com
Wed Nov 23 11:51:00 UTC 2011
With the current system, the timestamp can also be cheated, but miners
have no direct incentive to do it. With your system, they increase
their probability of mining a block by putting a false timestamp.
Also, where's the network clock you're talking about? Isn't it the
timestamps in the blockchain?
2011/11/23, Andy Parkins <andyparkins at gmail.com>:
> On 2011 November 23 Wednesday, Jorge Timón wrote:
>> 2011/11/23, Andy Parkins <andyparkins at gmail.com>:
>> > Let's abandon the idea of a target difficulty. Instead, every node just
>> > generates the most difficulty block it can. Simultaneously, every node
>> > is listening for "the most difficult block generated before time T";
>> > with T being
>> > picked to be the block generation rate (10 minutes).
>> A miner could try to obtain more difficulty out of time and cheat its
>> reported datetime (T).
> Just as with the current system.
> The defence is that on receipt of a block, its timestamp is checked against
> the node's own clock and averaged network clock. Blocks out of that band
> Dr Andy Parkins
> andyparkins at gmail.com
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