Post
Topic
Board Development & Technical Discussion
Re: Blockchain size proposal - Very Slow Voted Changes
by
menkaur
on 30/03/2017, 12:56:55 UTC
I don't like proposals which involve "voting" of any sort.

I think that the blocksize should be controlled by people who generate transactions

And the best way to achieve it would be like follows:

1. Set unlimited blocksize limit
2. Calculate average block size over past 20k blocks
3. If a miner wants to create a block larger than the average, he'll have to solve a puzzle with exponentially higher difficulty. Something like Exp[(new_block_size/average_block_size -1)]*difficulty


This setup increases probability that the miners will attempt to create larger blocks only if consumers (e.g. people who create transactions) actually need them and signal that the larger blocks are needed by posting transactions with larger fees