[bitcoin-dev] BIP 177: UTPFOTIB - Use Transaction Priority For Ordering Transactions In Blocks
luke at dashjr.org
Sun Dec 24 07:21:24 UTC 2017
BIP 177 is NOT assigned. Do not self-assign BIP numbers!
Please read BIP 2:
On Sunday 24 December 2017 2:57:38 AM Damian Williamson via bitcoin-dev wrote:
> BIP 177: UTPFOTIB - Use Transaction Priority For Ordering Transactions In
> This BIP proposes to address the issue of transactional reliability in
> Bitcoin, where valid transactions may be stuck in the mempool for extended
> There are two key issues to be resolved:
> 1. The current transaction bandwidth limit.
> 2. The current ad-hoc methods of including transactions in blocks
> resulting in variable and confusing confirmation times for valid
> transactions, including transactions with a valid fee that may never
> It is important with any change to protect the value of fees as these will
> eventually be the only payment that miners receive. Rather than an auction
> model for limited bandwidth, the proposal results in a stable fee for
> priority service auction model.
> I will post the full proposal up on to my blog in the coming days and,
> re-review incorporating feedback that I have received on and off thread.
> It would not be true to suggest that all feedback received has been
> entirely positive although, most of it has been constructive.
> The previous threads for this BIP are available here:
> Damian Williamson
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