4 ms·
That's one way of putting it. Another way to look at the blocksize issue is: should the supply of transaction space be limited by free market mechanisms alone,
by rebuilder 9y ago
That's one way of putting it. Another way to look at the blocksize issue is: should the supply of transaction space be limited by free market mechanisms alone, or by committee decision/voting/negotiations?
- hashmp 9y agoThere is an argument that block propagation and orphan rates acts as natural barrier to the blocksize. With a very large blocksize limit, miners who produce blocks which are very big, run the risk of a smaller block from a competing miner winning the race, as it is faster to validate and propagate over the network. This limiting factor should mean the blocksize converges to a size that the network can comfortably handle.
- dgacmu 9y agoThis isn't fundamental. The large-block miner can pre-stage copies of the block (before the nonce has been found) at a few replicas. If they successfully find a nonce, they blast the nonce to all of their replicas, which immediately disseminate the complete block.