Author: Daniel Lidstrom 2014-04-21 04:44:24
Published on: 2014-04-21T04:44:24+00:00
The first part of the email discusses the issue of smaller miners mining on top of block headers without any transactions and no validation. This practice is harmful to the security of Bitcoin, as it allows large pools to validate blocks faster than smaller miners. The proposal to switch to headers first would eliminate propagation time differences and require only 80 bites to propagate the block header, establishing priority for when the block is fully validated. However, there are concerns that large pools may publish large blocks to increase propagation delays on the network, which would increase orphan rates particularly for small miners.The second part of the email addresses the need for a name for smaller units of Bitcoin. Suggestions such as "bit" and "ubit" have been made, but some caution against using the former due to cultural connotations in French and Turkish. Mike Caldwell suggests avoiding any cultural reference in the name, while Justin A proposes "ubit", pronounced "YOU-bit", as a representation of 1e-6 bitcoin, which leaves two decimal places for the marginally numerate.The email also includes a PGP signature and a promotional link to download eXo Platform, an open-source intranet software for building enterprise collaboration platforms. The author encourages readers to start their own social network using the software and turn their intranet into a collaboration platform. Finally, the email provides a link to the Bitcoin-development mailing list for those interested in further discussion about Bitcoin development.
Updated on: 2023-06-08T20:23:51.225282+00:00