Hey Peter! Still alive?
How many nodes now? 10? 15?
We now have over 20% of the nodes supporting 2MB or greater. XT, BU and Classic have cooperated to ensure that all three implementations remain compatible. Nodes will follow the longest chain and XT/BU/Classic miners will flag support for the 2MB upgrade.
How's that BU going?
For the last several months, we've been focussing on the Classic launch. The miners were more comfortable with this option, as it will allow them to more easily synchronize the block size limit increase to 2MB.
That being said, we will soon be releasing Xthin block propagation under the BU label. Xthin reduces the propagation impedance by over an order of magnitude. This is particularly relevant to a good paper recently published:
The authors estimate that even given today's crude block propagation, 4MB is a reasonable block size (IMO using very conservative reasoning):
Further, they claim that the bottleneck is presently block propagation to
nodes. Xthin blocks are expected to drop the propagation impedance by over an order of magnitude, facilitating a further order of magnitude increase in block sizes.
Combined with
subchains, and already we have the technology required to scale--on chain--to over 100 MB blocks.
The future is bright. All we need to do now is decentralize away from Blockstream and Core.
Yes yes, you'll get your 2MB chain....
We'll be getting much more than that. But it is good to see that the back peddling has begun
Maybe if you wish for it hard enough it'll come true one day.
