Author: Antoine Le Calvez 2017-03-27 20:56:49
Published on: 2017-03-27T20:56:49+00:00
The discussion is centered around the idea of promoting efficient transaction patterns on the blockchain. The current approach of encouraging mining more transactions is criticized for being inefficient and promoting long transaction chains. Instead, it is suggested to incentivize miners to mine blocks that reduce the UTXO set size or some other metric that promotes efficient use of the blockchain. The proposal put forward by Btc Ideas via bitcoin-dev is to add a preference for mined blocks with more transactions when two blocks of the same height are found. This would increase the incentive for full blocks and prevent miners from attacking the chain by mining small or empty blocks. While this may make it more difficult for such attacks, it is acknowledged that there are still many ways in which miners can attack the chain. Overall, the discussion highlights the importance of promoting efficiency in transaction patterns on the blockchain and considering various metrics to incentivize miners towards this goal.
Updated on: 2023-06-11T22:37:46.400995+00:00