Scaling Bitcoin Workshop: Increase Block Size to 2-4MB?
During the Scaling Bitcoin workshop held in Montreal a few weeks back, some suggestions to increase the block size limit from the current 1MB to 2-4MB were raised. Participants seemed to focus on Adam Back's 2-4-8 block size increase proposal, although notable developers appeared to support a smaller short-term bump in limits. Some discussions on the bitcoin-dev mailing list apparently revealed that some core developers are interested in a short-term fix. Scaling Bitcoin and Block Size Debate. Prior to this workshop, bitcoin developers and members of the community have been debating on....
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If one proposal excited attendees at the recent Scaling Bitcoin workshop in Hong Kong, Bitcoin Core and Blockstream developer Dr. Pieter Wuille's Segregated Witness was it. Praised by many within the technical community, Segregated Witness is expected to improve Bitcoin's performance in a number of ways, while some even hope it might be the scaling solution that helps bring some peace back to the Bitcoin community. The first part of our three-part Segregated Witness series covered how it works. In this second part: What it does. Increasing the Effective Block Size Without Increasing the....
Over the past few weeks, community-driven Bitcoin statistics and services provider Coin Dance conducted a survey to analyze the stance of the Bitcoin community on the Bitcoin block size debate. Approximately 64% of Bitcoin users that participated in the survey voted for the increase of the block size limit. Scaling the Bitcoin network. Since the Bitcoin Roundtable Consensus in Hong Kong held in February 2016, a lot of Bitcoin users, miners, companies, and investors have demanded for the increase of the Bitcoin block size. Miners and companies that participated in the Hong Kong conference....
Although some individuals in the Bitcoin community believed that nothing would come out of the recent Scaling Bitcoin workshop in Montreal, it seems that some progress was made in finding a compromise between the small-block decentralists and the big-block progressives. Multiple discussions between some of the key minds in the Bitcoin Core development community took place at the event this past weekend, and it seems the overall goal was to find the key areas of agreement between all of the contributors' wide-ranging points of view. Rumors were originally swirling around a possible....
If one proposal excited attendees at the recent Scaling Bitcoin workshop in Hong Kong, Bitcoin Core and Blockstream developer Dr. Pieter Wuille's Segregated Witness was it. Praised by many within the technical community, Segregated Witness is expected to improve Bitcoin's performance in a number of ways, while some even hope it might be the scaling solution that helps bring some peace back to the Bitcoin community. The first and second partsof our three-part Segregated Witness series covered how it works and what it does. In this final part we explore what it means for the block-size dispute.
Bitcoin Core Developer Jeff Garzik has introduced Bitcoin Improvement Proposal (BIP) 202, proposing that the Bitcoin community and miners take small and economically sound steps in increasing the maximum Bitcoin block size to 2 megabytes. Over the past few months, bitcoin core developers have proposed a number of BIPs including BIP 100 and 101, to increase the Bitcoin block size up to 8 megabytes. However, Bitcoin experts have criticized such proposals with concerns that it may "break" the Bitcoin code. "Bitcoin's block size limit needs to be increased in order to achieve wide Bitcoin....