Post
Topic
Board Announcements (Altcoins)
Re: Segregated Witness could've worked faster.. If there were an effective Congress?
by
BlockchainOS
on 04/03/2017, 03:35:12 UTC
It's hard to get consensus on changes to blockchains these days. Especially when we're dealing with proof-of-work and allowing miners to vote, putting all of the power of the voting system into the hands of people who have incentives to collect higher fees by keeping the transaction throughput low (Decreasing bandwidth supply with heightening demand). This can slow down progress regarding change proposals to the Bitcoin protocol. Bitcoin has taught us much. What if there were a network of verifying and mining nodes that bet (based on the number of other nodes that bet on them to mine blocks well) on changes... Then we might have a system in which the goal of the community would be heard and could be implemented, instead of great fixes sitting on ice for... prolonged... periods... of... time.
Thoughts?

That's a really good point. Not only Bitcoin but also Ethereum has no consensus mechanism for the blockchain code itself. This absence make them hard to evolve. To cope with this problem, we introduced Congress for decision making. Please refer to Whitepaper. We will explain it in details afterward.