However, the Corallo Relay Network does support a sort of compression. Rather than transmitting all the transactions in a solved blocks, since most the other miners know about them already, it just transmits indices that refer to each transaction (sort of like a map for how the TXs fit in the block).
I think a more appropriate term for this would be encoding - using codes to represent larger blocks of information that is already known by all parties. This is usually way more effective than blind data compression.
if minner could communicate 100MB blocks with 250KB of encoded data, this is what will allow bitcoin to scale don't you think.
my guess is they wouldn't even need to send the full 64byte TX IDs only a 4 byte hash of the TX ID should be enoght for other minner to identify the TX's included in the new blocks.
using this method a miner could communicate a block with 250000 TX's!!! ( >400TPS ) with only 1MB of data
What novel idea, maybe you should apply to become a core developer?
Here:
Quote
The relay network includes an optimized transmission protocol which enables sending the "entire" block typically in just a smal number of bytes (much smaller than the summaries you suggest, which still leave the participants needing to send the block).
E.g. block 000ce90846 was 999950 bytes and the relay network protocol sent it using at most 4906 bytes.
http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/009942.htmlE.g. block 000ce90846 was 999950 bytes and the relay network protocol sent it using at most 4906 bytes.
right this method is already being used by
should it be?
is this the key to scaling bitcoin?
I think yes on both counts.
right now this method is netting miners >200X coding gain!
Corrected.
This doesn't solve any of the centralization or attack vectors concerns btw