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> because it doesn't make any additions to the algorithm Bitcoin uses I haven't paid attention to BCH in a while but when it was released they had changes to t
by dmm 5y ago
> because it doesn't make any additions to the algorithm Bitcoin uses
I haven't paid attention to BCH in a while but when it was released they had changes to the difficulty calculation that allowed difficulty to drop before the normal 2016 block interval.
In principle this could give miners greater control over inflation.
I'm not saying it's good or bad but it is a change to the bitcoin algorithm.
- deleted 5y ago[deleted]
- smoyer 5y agoWas the algorithm changed or just a constant/variable. I'm not as familiar with how mining difficulty changes but the reward halvening is based on a relatively simple algorithm that uses a constant of 210000 (blocks). Changing that constant doesn't change the algorithm but certainly changes the behavior of the system. In this case, the security of the system is clearly not changed when the constant is changed. My understanding of mining difficulty is that you could tune it without compromising security so long as it's hard enough to provide dampening to the system. Right now it's adjusted to produce one block every 10 minutes on average. Ultimately, if you want to keep the algorithm you need to either allow bigger blocks or allow blocks to be produced more often.
- lawn 5y agoThis is a necessity for a minority chain, as it has to adjust the difficulty more often than Bitcoin, otherwise large variance would cause the difficulty to rise so much that it wouldn't be profitable to mine, effectively killing the chain.