Topic: Capacity increases for the Bitcoin system - page 2. (Read 1170 times)
did they change manage to change the block size? i thought blocks is limited in 1 mb in size and cannot be modified without a hard fork.
This sounds really good imo.
Many interesting things will happen regarding infrastructure and network improvement in 2016.
Awesome!
Anybody interested to read more about it should check out our subreddit.
https://www.reddit.com/r/Bitcoin/comments/3xr8ql/capacity_increases_for_the_bitcoin_system_bitcoin/
Many interesting things will happen regarding infrastructure and network improvement in 2016.
Awesome!
Anybody interested to read more about it should check out our subreddit.
https://www.reddit.com/r/Bitcoin/comments/3xr8ql/capacity_increases_for_the_bitcoin_system_bitcoin/
still not sure about segregated witness, if it not carry any risk, why satoshi has not think about it since the beginning, when he limited the block to 1?
i welcome the synching speed up, this is needed for those that have not strong machine, not my case, as i can sync and open the client in 20 seconds..
i welcome the synching speed up, this is needed for those that have not strong machine, not my case, as i can sync and open the client in 20 seconds..
this is good, good to know that scalabity has been worked and improvement goin on the bitcoin system
Capacity increases for the Bitcoin system
-Very soon libsecp256k1 will be used for verification, which speeds up initial sync time by 400%-700% and reduces CPU load for all full nodes.
-A segregated witness softfork will be done ASAP (within 3-6 months, probably). This will at least double the effective transaction capacity (ie. it is equal to or better than BIP 102), and at the same time it will provide features important for safely scaling even more in the future.
-There will not be any hardfork for at least the next ~year.
-To pave the way for scalable hardfork max block size increases (which will eventually be necessary), and because it is already dearly needed, improved block/tx broadcasting technology such as weak blocks and IBLT will be implemented, hopefully soon after SegWit.
-The BIPs necessary for efficient deployment of Lightning are already in the pipeline and should be rolled out in 2016. Lightning will allow for almost all of the security, features, and decentralization of Bitcoin transactions while drastically reducing the number of on-blockchain transactions that each individual will need to perform. This is expected to be the real eventual solution to scaling.
https://bitcoin.org/en/bitcoin-core/capacity-increases
-Very soon libsecp256k1 will be used for verification, which speeds up initial sync time by 400%-700% and reduces CPU load for all full nodes.
-A segregated witness softfork will be done ASAP (within 3-6 months, probably). This will at least double the effective transaction capacity (ie. it is equal to or better than BIP 102), and at the same time it will provide features important for safely scaling even more in the future.
-There will not be any hardfork for at least the next ~year.
-To pave the way for scalable hardfork max block size increases (which will eventually be necessary), and because it is already dearly needed, improved block/tx broadcasting technology such as weak blocks and IBLT will be implemented, hopefully soon after SegWit.
-The BIPs necessary for efficient deployment of Lightning are already in the pipeline and should be rolled out in 2016. Lightning will allow for almost all of the security, features, and decentralization of Bitcoin transactions while drastically reducing the number of on-blockchain transactions that each individual will need to perform. This is expected to be the real eventual solution to scaling.
https://bitcoin.org/en/bitcoin-core/capacity-increases
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