Explaining How Compact Blocks Can Make Bitcoin More Efficient
Compact Blocks, used by Bitcoin Core nodes since version 0.13, contain minimal amounts of data to improve efficiency.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercast"Bitcoin Explained" hosts Aaron van Wirdum and Sjors Provoost are back from their travel break for a brand new episode of "Bitcoin, Explained"! In this episode, they explained how Bitcoin’s peer-to-peer network is made more efficient and fast with Compact Blocks.Compact Blocks are — as the name suggests — compact versions of Bitcoin blocks, that have been used by Bitcoin Core nodes since....
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Bitcoin Core, the open source project which maintains and releases Bitcoin client software, has fully embraced BIP152, a new upgrade that will reduce the amount of bandwidth used to propagate new blocks to full nodes. This will decrease the amount of time it takes for a block to propagate across the entire Bitcoin network. Bitcoin Core has published an FAQ section regarding the most recent Bitcoin Improvement Proposal (BIP), we are talking about the BIP 152 named Compact Block Relay, the upgrade is poised to reduce the bandwidth and the time it takes for a block to propagate through the....
A new way of verifying blocks on the Bitcoin blockchain could make the digital currency more efficient. In the original version of Bitcoin, when nodes received a block of transactions, they would validate each transaction set. Most likely, these transactions were already validated before, when they were relayed across the network. However, this previous....
Bitmain’s new mini bitcoin miner has just landed in our hands at the North American Bitcoin Conference in Miami. It is a rather small and compact bitcoin miner. It can be used by individuals without mining farms or it can be an ideal solution for office use. Power efficient and silent without fans or any other moving parts, it has only a quite large heatsink. Small, efficient and a fast alternative to start mining, it represents a good start in the business. It can build up small farms, and enables you to try the best available mining pools and cooling solutions to prepare for the big....
A decision on the part of Core developers to use the same BIP ID number for their “compact blocks” proposal as its counterpart, “Xthin,” has ignited a controversy as some are now questioning the competency of Core developers. Xthin & Compact Blocks, One BIP. There has been an ongoing debate among the Bitcoin community regarding the decision of Core....