3 ms·
The purpose of this restriction is to protect the decentralization of bitcoin nodes. It is this decentralization of nodes that separates bitcoin from every oth
by Frogolocalypse 9y ago
The purpose of this restriction is to protect the decentralization of bitcoin nodes. It is this decentralization of nodes that separates bitcoin from every other crypto competitor, and by some margin.
- aninhumer 9y agoI'm not really sure how a small block size prevents centralisation?
- etr-strike 9y agoAn increase in blocksize means an increase in propagation delay. Too much delay and miners who are closest to the most recent block get a head start mining the next block. Mining is suppose to be a lottery, not a race. Research done on the matter shows that for each kb above the current 1mb block, 80ms of delay propagation is added.
- brokenmachine 9y agoCouldn't/Wouldn't the difficulty be adjusted down in that case so the blocks are mined faster?