Author: Tamas Blummer 2013-10-25 16:40:08
Published on: 2013-10-25T16:40:08+00:00
In a recent discussion, Tamas Blummer shared two thoughts related to blockchain technology. Firstly, he emphasized the importance of keeping things simple since miners ultimately have the power to override any complex system. Secondly, Blummer suggested that if the block construction algorithm compares alternate chains rather than individual transactions, then receivers can increase transaction fees by spending unconfirmed outputs with higher fees instead of replacing them in the mempool. This method could potentially simplify the process and reduce the need for complicated replacements. Overall, these insights from Blummer highlight the ongoing efforts to optimize blockchain technology and make it more efficient for users.
Updated on: 2023-06-07T18:11:50.595180+00:00