Questions tagged [block-size-increase]

This tag collects questions discussing the plans and arguments around the Block size limit increase from 1MB.

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3
votes
2answers
358 views

Are blocks sent only after finding nonce?

One of the concerns with increasing the block size is that it may get orphaned more often due to network latency in sending the big block. Why can't miners send the block without the nonce as soon as ...
1
vote
1answer
111 views

Could increasing Block size solve the “End of mining” issue

Disclaimer: I am new to this forum and Bitcoin/cryptocurrency in general. After all 21 million bitcoins are released into circulation, it seems that the incentive to mine is gone unless transaction ...
9
votes
1answer
585 views

Why would increasing the Bitcoin block size lead to a more centralised system?

Why does Bitcoin Core contributor Peter Todd think that increasing the Bitcoin block size would lead to a more centralised system? “The system doesn’t scale, and you just have to accept that and do ...
2
votes
2answers
846 views

Block size depending on transaction count

It's widely known that Bitcoin has a limit of 1 MB per block. However, the average block size is currently about 0.6 MB: (original data) According to this thread, Bitcoin transactions has an ...
3
votes
2answers
211 views

What are some essential features of Bitcoin classic?

I already know about the 2MB block size increase. I would like to know more about who controls the code base, what the other proposed changes are, and those kinds of things.
1
vote
1answer
319 views

Will the upcoming block size increase be more profitable for miners, or less so?

According to the article US vs. China: The 20 MB Miner War That Could Destroy Bitcoin (Op-Ed) critical decisions are about to be made regarding the size of Bitcoin blocks. Will this cause mining to be ...
3
votes
2answers
626 views

Why is it dangerous to hard fork the Bitcoin network?

In the blocksize debate it is often stated that hard forks are dangerous. This is sometimes supported by the claim that "people may lose money and must be protected". And that it's impossible to ...
18
votes
1answer
982 views

What is “segregated witness” and how can it improve network scalability?

I've just heard about it, and it is claimed to be a "turning point" in the block-size debate. What is "segregated witness?" how does it work? How can it be used for improving network scalability? ...
3
votes
2answers
321 views

Do larger blocks make it harder for smaller miners to compete? Why?

During the discussion of Bitcoin’s scalability, I’ve read the statement that "Large miners benefit from larger block sizes, because it makes it more difficult for small miners to compete." [1] In ...
2
votes
0answers
77 views

What was the nature of the temporary 500K block size limit imposed by Bitcoin Qt 0.8.1?

BIP 50 describes the temporary steps taken to correct a chain split in March 2013. One of them was: Limit the maximum block-size created to 500,000 bytes https://github.com/bitcoin/bips/blob/...
3
votes
1answer
920 views

BIP 100: What votes are possible?

I understand that, with BIP 100 as suggested by Jeff Garzik, in the first step the maximum block size can be increased from (then, after the hard fork) 2 MByte to at most double of that, so 4 MByte - ...
6
votes
1answer
195 views

What is bitcoin core developers solution to the increasing number of transactions?

I was reading that BitcoinXT is created to increase the blocksize to accommodate increasing transaction volume, but bitcoin core developers were against to it as it make the currency more centralized. ...
2
votes
0answers
25 views

What are the various block size increase proposals? [duplicate]

I'm aware of BIP101 and BIP100, but I'm sure there are others. I would like a simple table of comparison on the block size increase schedule of each one (including the status quo) in one place.
2
votes
1answer
198 views

Why can't Bitcoin use a very large blocksize such as 1GB?

In the current blocksize limit debate multiple proposals have been made. Bitcoin XT implements an increase to 8MB right away plus a doubling every two years. A competing approach used 20MB. What ...
5
votes
2answers
332 views

What is the impact of Bitcoin XT fork on current Bitcoin holders?

I was reading that there was disagreement on the block size limit and Bitcoin has been forked to Bitcoin XT? With two different flavors of the software running, which might result in two different ...
1
vote
1answer
65 views

Where can I see the “official” texts of BIP 100 and 102?

I only see BIP 101 officially at https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki. Is there a reason that 100 and 102 don't show up here as well? Couldn't they all just be listed as ...
5
votes
1answer
252 views

Why do people say that bitcoin scales according to O(n^2)?

In regards to bitcoin, Peter Todd says: "Fundamentally the tech itself does not scale. The whole idea of everyone knowing everything about every transaction, which is inherent to the trust model of ...
2
votes
2answers
100 views

Why is halving the best time for block size increase hard fork?

Gavin Andresen said the best time to launch the block size increase update / hard fork would be the next reward halving (when mining discovery bounty would go from 25btc to 12.5btc). Why has halving ...
5
votes
1answer
548 views

Bandwidth required for Bitcoin going global?

Something that I feel might be the obstacle against Bitcoin going global -- but which I've never seen anyone mention -- is this: If Bitcoin goes global, I think it's possible that the number of ...
2
votes
1answer
87 views

Assuming that the block size fork goes through, will the Bitcoin developers use the alert key to tell people to upgrade?

The block size increase proposal currently under discussion would require all clients that process transactions to upgrade. Otherwise, pre 0.11 clients would reject these larger blocks, leading to a ...