Topic: Fragmentation of the Bitcoin network (Read 993 times)
It will only be less and less if the rate of increase (not the increase) goes up. To get to 1 minute would require the hashrate to rise by a factor of 10 in one difficulty period. It would then quickly reset within a few days unless the difficulty again increased by a factor of 10 continually.
Such a picture can be seen more and more often now, it's not just 7 "lucky" blocks in a row. Now a gap between blocks is ~8 mins, in the future it will be less and less. At some point we can face a 1 min gap, this will lead to a very high orphaned blocks rate and the Bitcoin network will become fragmented*.
-----
* - "fragmented" means that clients will be spending a lot of resources to resolve race conditions.
Nah...the increase is already extremely high. It needs a lot of new miners or upgrades being added every week just to keep it at this level.
But I do think the growth will continue at this level for a while.
Looks like new ASICs are added too quickly:
Such a picture can be seen more and more often now, it's not just 7 "lucky" blocks in a row. Now a gap between blocks is ~8 mins, in the future it will be less and less. At some point we can face a 1 min gap, this will lead to a very high orphaned blocks rate and the Bitcoin network will become fragmented*.
-----
* - "fragmented" means that clients will be spending a lot of resources to resolve race conditions.
Jump to: