Author: Peter Todd 2015-06-22 20:54:21
Published on: 2015-06-22T20:54:21+00:00
On June 22, 2015, Gavin Andresen proposed that the maximum size of Bitcoin blocks shall be 8,000,000 bytes at a timestamp of 2016-01-11 00:00:00 UTC, and shall double every 63,072,000 seconds (two years, ignoring leap years), until 2036-01-06 00:00:00 UTC. The maximum size of blocks in between doublings will increase linearly based on the block's timestamp. After 2036-01-06 00:00:00 UTC, the maximum size of blocks shall be 8,192,000,000 bytes. The issue was raised about what would happen if a block following a size increase trigger is back in the past before the size increase. In response to that, Peter Todd suggested using a comparison of the timestamp against the median time, which is guaranteed by the protocol rules to monotonically advance.
Updated on: 2023-06-10T00:24:59.915844+00:00