📅 Original date posted:2015-10-14
📝 Original message:I'm reading it.
First comment: since a Bitcoin block time is only greater than the median
of the last 11 blocks, a miner could choose the key block time in order to
generate about 400 miniblocks, instead of the average 60 blocks. Not very
bad, but should be taken into account.
On Wed, Oct 14, 2015 at 3:02 PM, Emin Gün Sirer <
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.
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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Sergio Demian Lerner [ARCHIVE] /
npub1fv…3vq7f
2023-06-07 17:43:29
in reply to nevent1q…t0th
Author Public Key
npub1fvuxqdqg7klqqgy3yy8gdxjv4phu92sll5y8zqm2qe5qdrhxymhqf3vq7fPublished at
2023-06-07 17:43:29Event JSON
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"content": "📅 Original date posted:2015-10-14\n📝 Original message:I'm reading it.\n\nFirst comment: since a Bitcoin block time is only greater than the median\nof the last 11 blocks, a miner could choose the key block time in order to\ngenerate about 400 miniblocks, instead of the average 60 blocks. Not very\nbad, but should be taken into account.\n\n\n\n\nOn Wed, Oct 14, 2015 at 3:02 PM, Emin Gün Sirer \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\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.\n\u003e Surprisingly, Bitcoin-NG can simultaneously increase throughput while\n\u003e reducing latency, and do so without impacting Bitcoin's open architecture\n\u003e or changing its trust 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\n\u003e as Blockstream-like sidechains, and we currently are not planning to\n\u003e compete commercially with either technology -- we see NG as being\n\u003e complementary to both efforts. This is pure science, published and shared\n\u003e with the community to advance the state of blockchains and to help them\n\u003e reach throughputs and latencies required of cutting edge fintech\n\u003e applications. Perhaps it can be adopted, or perhaps it can provide the\n\u003e spark of inspiration for someone else to 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\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-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20151014/7b921e1f/attachment-0001.html\u003e",
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