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Topic: Why 1MB or 20MB ? Proposal for dynamic blocksize limit (Read 668 times)

sr. member
Activity: 254
Merit: 1258
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )

https://twitter.com/bitpump/status/596178770765160448

Dynamic blocksize limits lead to interesting new attack vectors on the network and may be unnecessary and a act of supererogation.
Thats what I thought a dynamic size leaves us open to an attack that could potentially clog the network so much we had to fork off to continue normal operation.
hero member
Activity: 658
Merit: 501
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )

https://twitter.com/bitpump/status/596178770765160448

Dynamic blocksize limits lead to interesting new attack vectors on the network and may be unnecessary and an act of supererogation.
sr. member
Activity: 462
Merit: 250
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )

https://twitter.com/bitpump/status/596178770765160448

Cryptonote coins such as Monero (XMR) has already adopted similar method.
full member
Activity: 167
Merit: 101
Why 1MB or 20MB ? Proposal for dynamic blocksize limit

sort of same logic for the dynamic hash difficulty calculation?
see https://en.bitcoin.it/wiki/Difficulty

proposal:
for period X,
if actual chance Q% (based on latest transactions in period X) to hit blocksize limit > Y%
then block size limit * 1.Z

( Z could be dependent on actual chance Q% )
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