Post
Topic
Board Development & Technical Discussion
Merits 4 from 1 user
Re: About block size limit and transactions fees
by
ETFbitcoin
on 17/08/2021, 09:38:17 UTC
⭐ Merited by topcoin360 (4)
Just found a simple equation to balance supply and demand that could be easily introduced in btc source code:

next block size limit = previous block size limit + (total fee in the last period / avg fee in the previous period - space used in the last period) / block occupancy rate for the last period

The harder part is testing the equation on various network condition and accepted by the community.

Now I challenge you to find an equation based on "not centralizing bitcoin too much".

See BIP 103. The exact number and equation definitely need more research though.