[bitcoin-dev] Dynamically Controlled Bitcoin Block Size Max Cap
tier.nolan at gmail.com
Mon Aug 17 12:43:46 UTC 2015
On Mon, Aug 17, 2015 at 12:57 PM, Rodney Morris via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> I haven't run any statistics or simulations, but I'm concerned that the
> interplay between the random distribution of transaction arrival and the
> random distribution of block times may lead to false signals.
You could just take the average of all the block sizes for the last 2016
If average of last 2016 > 50% of the limit, then increase by 6.25%
Otherwise, decrease by 6.25%
This means that the average would be around 50% of the limit. This gives
margin to create larger blocks when blocks are happening slowly.
A majority of miners could force the limit upwards by creating spam but
It could be coupled with a hard limit that grows at whatever is seen as the
maximum reasonable. This would be both a maximum and a minimum.
All of these schemes add state to the system. If the schedule is
predictable, then you can check determine the maximum block size purely
from the header and coinbase.
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