Post
Topic
Board Bitcoin Discussion
Re: Do miners really think destroying Bitcoin will make them rich?
by
Carlton Banks
on 24/03/2017, 15:13:23 UTC
isn't that true with any method you want to implement for scaling? otherwise how do you "scale" by your definition

i mea it's clear that the number of transaction will eventually catch the limit, that the point, to have more room..

well maybe a solution is to have always the block size needed +"1", so you don't have ever the 1:1 ratio

You scale On-Chain by increasing the rate of transactions, but keeping the amount of resources (i.e. blocksize) the same. It's not my definition, it's called mathematics.


Simple examples:

Schnorr signatures

~30% smaller than the ECDSA sig scheme Bitcoin uses now. That means ~ 30% extra space in the same blocksize.

Transaction encoding

Improve transaction encoding so it's more space efficient than the current system. gmaxwell talks about the details (with links to full detals) here:  https://bitcointalk.org/index.php?topic=1700405.msg17053119#msg17053119