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Proof of Work does disincentive spam a little because you can only spam as quickly as the network can incorporate transactions (6tps iirc) due to the slow natur
by TheDong 11y ago
Proof of Work does disincentive spam a little because you can only spam as quickly as the network can incorporate transactions (6tps iirc) due to the slow nature of the network. If the network were more efficient and used vector clocks, you could spam much more efficiently too.
If the majority of parties can decide such things without a proof of work, then a single person can just create a large number of accounts and own the network. You need to avoid the problem of fake accounts somehow. Proof of Work does that and you don't propose a solution.
- brighton36 11y agoMiner fees mediate spam, not the transaction count. (which btw is likely to be enormously higher than 6tps)
- TheDong 11y agohttps://en.bitcoin.it/wiki/Scalability#Scalability_targets https://en.bitcoin.it/wiki/Scalability#Scalability_targets > Today the Bitcoin network is restricted to a sustained rate of 7 tps due to the bitcoin protocol restricting block sizes to 1MB. I've heard the number from other sources as being 6 or 7 before too, particularly after the scale tests I believe. I know there's the blocksize increase debate which will make this comment inaccurate soon. Also, I believe that a 0 fee transaction will still get processed eventually and, since such a thing is valid, it's not going to stop spam entirely, just slow it a lot.
- brighton36 11y agoThere are numerous proposals on the table to scale past 7tps. The reason that they aren't implemented yet is because it hasn't been needed.
- deleted 11y ago[deleted]