I do not see what you see.
Long chains are pretty flat.
Long chains are pretty flat.
I should have phrased it better…
Out of all transactions within blocks; the percentage consisting of “long transaction chains” is decreasing..
Topic: The trend of “long transaction chains” (Read 598 times)
I should have phrased it better…
Out of all transactions within blocks; the percentage consisting of “long transaction chains” is decreasing..
I do not see what you see.
Long chains are pretty flat.
we are doing about 200-250 k transactions every day since Jan 2016 that 250k number is very close to the most we can do under current header size at 590k is all 1 transaction blocks so we cap near 250k. the ½ ing does not effect that.
we are doing about 100 -125 k transaction every day since Jan 2016 to May 2016 under 100
then about 125 - 150 k transaction every day since May 2016 under 100
so it appears at first you are correct but you are simply leaving out the ½ ing influence .
so if we did reduce larger chains from say 150k of 250k to 100 k of 250 k my guess is the ½ ing is why. Also many large pools simply get bigger and have a bigger chain when they pay. here is a medium small pool 1 block chain
https://blockchain.info/tx/3efc6be8bad78471073a128eb3084b9e9a8260515293e094ad982c221d195f34
this has more then 100 in it .
so bigger pools like f2pool have bigger ones then that. and they confirm there own block it reduces the the big chains a bit. not the one chain it may be 400 or 500 big
but the number is less. say 10 of 800 vs 50 of 160
Long chains are pretty flat.
we are doing about 200-250 k transactions every day since Jan 2016 that 250k number is very close to the most we can do under current header size at 590k is all 1 transaction blocks so we cap near 250k. the ½ ing does not effect that.
we are doing about 100 -125 k transaction every day since Jan 2016 to May 2016 under 100
then about 125 - 150 k transaction every day since May 2016 under 100
so it appears at first you are correct but you are simply leaving out the ½ ing influence .
so if we did reduce larger chains from say 150k of 250k to 100 k of 250 k my guess is the ½ ing is why. Also many large pools simply get bigger and have a bigger chain when they pay. here is a medium small pool 1 block chain
https://blockchain.info/tx/3efc6be8bad78471073a128eb3084b9e9a8260515293e094ad982c221d195f34
this has more then 100 in it .
so bigger pools like f2pool have bigger ones then that. and they confirm there own block it reduces the the big chains a bit. not the one chain it may be 400 or 500 big
but the number is less. say 10 of 800 vs 50 of 160
Please take a look on these two charts:
A: Confirmed Transactions Per Day:
https://blockchain.info/charts/n-transactions?timespan=2years
B: Number Of Transactions Excluding Chains Longer Than 100:
https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-100?timespan=2years
Long chains have been steadily decreasing, but still, about 1/3 of all transactions takes part in long chains. (And yes, I do know that there are some legitimate reasons...but I believe better solutions are coming..)
I’m mostly just speculating here, but it seems to me that the downward trend of “long transaction chains” may be a result of increasing fee levels..
If so, this behavior is slowly being priced out of the blockchain...
But lets say the blocksize limit is doubled tomorrow…
If we assume that a doubling of the blocksize will result in fees getting halved..
What do you think will happen to the trend of “long transaction chains” ?
If the fee is cut in half wouldn't that stimulate a doubling of this phenomenon?
I believe that people who need bitcoin are more than willing to pay to use it.
I also believe that people who don’t need bitcoin are not going to start using it just because it is free or very cheap.
Maybe it is a good thing that the behavior of “long transaction chains” is being priced out of the blockchain…?
Thanks for reading my post!
All feedback is appreciated!
A: Confirmed Transactions Per Day:
https://blockchain.info/charts/n-transactions?timespan=2years
B: Number Of Transactions Excluding Chains Longer Than 100:
https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-100?timespan=2years
Long chains have been steadily decreasing, but still, about 1/3 of all transactions takes part in long chains. (And yes, I do know that there are some legitimate reasons...but I believe better solutions are coming..)
I’m mostly just speculating here, but it seems to me that the downward trend of “long transaction chains” may be a result of increasing fee levels..
If so, this behavior is slowly being priced out of the blockchain...
But lets say the blocksize limit is doubled tomorrow…
If we assume that a doubling of the blocksize will result in fees getting halved..
What do you think will happen to the trend of “long transaction chains” ?
If the fee is cut in half wouldn't that stimulate a doubling of this phenomenon?
I believe that people who need bitcoin are more than willing to pay to use it.
I also believe that people who don’t need bitcoin are not going to start using it just because it is free or very cheap.
Maybe it is a good thing that the behavior of “long transaction chains” is being priced out of the blockchain…?
Thanks for reading my post!
All feedback is appreciated!
Jump to: