Posts tagged blocksize

We introduce a novel consensus mechanism that greatly improves security, throughput, and transaction confirmation latency of blockchain-based cryptocurrencies.

Time for Bitcoin Users to Reclaim Their Voice

I make the case that Bitcoin users have just as much of a say, or more, than all the miners combined. They wield this power through exchanges, and the exchanges need to live up to their responsibilities.

A Technique to Unite Bitcoin Factions

In an effort to bring the fruitless Bitcoin block size debate to a close, this post outlines Bitcoin-Unified, an approach to accommodate both small and large blocks.

No Such Thing as Developing a Fee Market

The phrase "developing the fee market" gets used a lot in Bitcoin circles. This post makes the case that this is a thinly veiled euphemism for jacking up the fees.

A Bad Argument for High Bitcoin Fees

I try to lay to rest a bad way to account for Bitcoin network costs and a flawed argument for exorbitantly high fees.

How to Compress Bitcoin

Peter Tschipper has been looking into compressing the Bitcoin messages on the wire using generic compressors. In this post, I discuss why generic compressors will not work well with Bitcoin, make the case for a custom compressor, and suggest that we run a community challenge to develop the best compressor.
A modest suggestion on how to proceed with the block size debate, wherein we suggest explicitly defining the criteria for evaluating block size increase proposals.

Bitcoin-NG: Unshackling Blockchains

We review some of the feedback we received on Bitcoin-NG and discuss why every new permission-less ledger would be better off with NG compared to the alternatives.
We introduce a new technique for increasing the throughput and reducing the latency, at the same time, of blockchain-based protocols
The recent Bitcoin blocksize debate demonstrates the need for a robust governance structure.