Author: Matt Whitlock 2015-08-28 21:15:40
Published on: 2015-08-28T21:15:40+00:00
This proposal is being praised as the best one yet for addressing several issues faced by previous proposals. It tackles the problem of miners selling their block-size votes and blindly predicting future market needs versus technological capacities. The proposal starts with a 1-MB limit to avoid a large step discontinuity in the block-size limit and throttles changes to ±10% every 2016 blocks. Additionally, it imposes a tangible cost on miners who vote to raise the block-size limit and avoids incentivizing them to lower it. However, one important question remains unanswered: What is the mechanism for activation of the new consensus rule? This proposal is available on the BIP-CBBRSA GitHub repository.
Updated on: 2023-06-10T20:52:56.631784+00:00