📅 Original date posted:2015-10-14
📝 Original message:So it seems to me that all I need to do is figure out who the current leader is,
and DDoS him off the network to shut Bitcoin-NG down.
This is a significant advantage to bitcoin's ex-post-facto blocks: no one knows
where the next one will come from. The only way to shut the network down is to
shut all nodes down.
Emin Gün Sirer via bitcoin-dev [bitcoin-dev at lists.linuxfoundation.org] wrote:
> Hi everyone,
>
> We just released the whitepaper describing Bitcoin-NG, a new technique for
> addressing some of the scalability challenges faced by Bitcoin. Surprisingly,
> Bitcoin-NG can simultaneously increase throughput while reducing latency, and
> do so without impacting Bitcoin's open architecture or changing its trust
> model. This post illustrates the core technique:
> http://hackingdistributed.com/2015/10/14/bitcoin-ng/
> while the whitepaper has all the nitty gritty details:
> http://arxiv.org/abs/1510.02037
>
> Fitting NG on top of the current Bitcoin blockchain is future work that we
> think is quite possible. NG is compatible with both Bitcoin as is, as well as
> Blockstream-like sidechains, and we currently are not planning to compete
> commercially with either technology -- we see NG as being complementary to both
> efforts. This is pure science, published and shared with the community to
> advance the state of blockchains and to help them reach throughputs and
> latencies required of cutting edge fintech applications. Perhaps it can be
> adopted, or perhaps it can provide the spark of inspiration for someone else to
> come up with even better solutions.
>
> We would be delighted to hear your feedback.
> - Ittay Eyal and E. Gün Sirer.
>
> !DSPAM:561e98cd301391127216946!
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
> !DSPAM:561e98cd301391127216946!
--
Cheers, Bob McElrath
"For every complex problem, there is a solution that is simple, neat, and wrong."
-- H. L. Mencken
Bob McElrath [ARCHIVE] /
npub15n…8vrz4
2023-06-07 17:43:29
in reply to nevent1q…rmq7
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npub15n7zls4lcps7wksmdctal39neyact74jljgsq86ylkzfn4njk95sv8vrz4Published at
2023-06-07 17:43:29Event JSON
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"content": "📅 Original date posted:2015-10-14\n📝 Original message:So it seems to me that all I need to do is figure out who the current leader is,\nand DDoS him off the network to shut Bitcoin-NG down.\n\nThis is a significant advantage to bitcoin's ex-post-facto blocks: no one knows\nwhere the next one will come from. The only way to shut the network down is to\nshut all nodes down.\n\nEmin Gün Sirer via bitcoin-dev [bitcoin-dev at lists.linuxfoundation.org] wrote:\n\u003e Hi everyone,\n\u003e \n\u003e We just released the whitepaper describing Bitcoin-NG, a new technique for\n\u003e addressing some of the scalability challenges faced by Bitcoin. Surprisingly,\n\u003e Bitcoin-NG can simultaneously increase throughput while reducing latency, and\n\u003e do so without impacting Bitcoin's open architecture or changing its trust\n\u003e model. This post illustrates the core technique:\n\u003e http://hackingdistributed.com/2015/10/14/bitcoin-ng/\n\u003e while the whitepaper has all the nitty gritty details:\n\u003e http://arxiv.org/abs/1510.02037\n\u003e \n\u003e Fitting NG on top of the current Bitcoin blockchain is future work that we\n\u003e think is quite possible. NG is compatible with both Bitcoin as is, as well as\n\u003e Blockstream-like sidechains, and we currently are not planning to compete\n\u003e commercially with either technology -- we see NG as being complementary to both\n\u003e efforts. This is pure science, published and shared with the community to\n\u003e advance the state of blockchains and to help them reach throughputs and\n\u003e latencies required of cutting edge fintech applications. Perhaps it can be\n\u003e adopted, or perhaps it can provide the spark of inspiration for someone else to\n\u003e come up with even better solutions.\n\u003e \n\u003e We would be delighted to hear your feedback. \n\u003e - Ittay Eyal and E. Gün Sirer.\n\u003e \n\u003e !DSPAM:561e98cd301391127216946!\n\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e \n\u003e \n\u003e !DSPAM:561e98cd301391127216946!\n\n--\nCheers, Bob McElrath\n\n\"For every complex problem, there is a solution that is simple, neat, and wrong.\"\n -- H. L. Mencken",
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