Topic: ideal block schedule? (Read 627 times)
Many alt coins have different different block timings. But better block time must be realized in time alone. Because block time highly related to new coin generation. How quick or how slow coin generation may deeply affect a coin's evolution.
the only reference that is working for now it's the one that bitcoin has, too quick block reward would lead to orphan
the every 4 years halving i'm sure was done to let miners grow periodically and to let the price increase in the first place
if it was something like every year, right now we would have ended the supply and the mining scene would have been stopped because the value of bitcoin would have been awful
the every 4 years halving i'm sure was done to let miners grow periodically and to let the price increase in the first place
if it was something like every year, right now we would have ended the supply and the mining scene would have been stopped because the value of bitcoin would have been awful
10 min per one block generation like bitcoin has, must be the ideal block generation. Satoshi suggested. No more question on it in my view.
Ideal block schedule must be quicker than 10 min. But quicker block time will rewards new bitcoin so quick before it gets it's real price appreciations. So, block schedule must have 2 types of blocks: 1. Quicker one for faster transactions. 2. Slower one with mining reward.
Is there any accumulated collected wisdom on an ideal block (reward) schedule for a cryptocurrency? Or does anyone know about theoretical research on the question?
I'd assume reward schedules could/should be different based on if the asset is is designed to be a primarily commodity vs. if it is designed to be a currency ( I am speaking in the abstract since in practice they are often designed to be both).
Any thoughts?
I'd assume reward schedules could/should be different based on if the asset is is designed to be a primarily commodity vs. if it is designed to be a currency ( I am speaking in the abstract since in practice they are often designed to be both).
Any thoughts?
I don't think there isn't anything ideal about any of this, it's just what's "good enough". Right now we don't really know what's good enough, thats why we have ongoing endless debates such as the blocksize one. I guess we'll find out as time goes on. Im just hoping devs get their stuff together and act accordingly. But at the end of the day it should be the users and miners that decide what they want by running nodes.
Is there any accumulated collected wisdom on an ideal block (reward) schedule for a cryptocurrency? Or does anyone know about theoretical research on the question?
I'd assume reward schedules could/should be different based on if the asset is is designed to be a primarily commodity vs. if it is designed to be a currency ( I am speaking in the abstract since in practice they are often designed to be both).
Any thoughts?
I'd assume reward schedules could/should be different based on if the asset is is designed to be a primarily commodity vs. if it is designed to be a currency ( I am speaking in the abstract since in practice they are often designed to be both).
Any thoughts?
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