PART 2 | Massive On-Chain Scaling for Bitcoin

[iFixBTCmemoryIssues]

https://medium.com/@peter_r/towards-mas ... f1e3c23919

[iFixBTCmemoryIssues]

Amazing series, truly brilliant, innovation that is well presented.

"Xthin blocks were 12 times as fast as standard blocks"

You guys should be very proud of yourselves, excellent work.

[arnoudk]

I'm very impressed by these results, and equally impressed with the high quality of the measurements & research approach.

They did an outstanding job on both.

Smooth histograms for block propagation times (single hop, log scale) over the normal P2P network for Xthin (top) and standard blocks (bottom):


Propagation time statistics for 900 kb — 1 MB blocks:

[iFixBTCmemoryIssues]

I'm very impressed by these results, and equally impressed with the high quality of the measurements & research approach.

They did an outstanding job on both.

Smooth histograms for block propagation times (single hop, log scale) over the normal P2P network for Xthin (top) and standard blocks (bottom):


Propagation time statistics for 900 kb — 1 MB blocks:

10/10 for presentation and 10/10 for solid technology!!!!!!

A sigh of relief, I am currently working on fairly large projects and this was much needed news!!!!!!!!

We have a safe, secure and scalable Bitcoin implementation in town and its name is Bitcoin Unlimited!!!!!!!!!!

Excellent work all around

[iFixBTCmemoryIssues]

Testimonials from around the internet about Bitcoin Unlimited:


"Very cool, very nicely presented, thank you!"

"wonderful methodology, execution, analysis, and communication.

"When someone asks me what Bitcoin software to run, it's Unlimited all the way!!!!!!!!"

"Objective, data-driven, and easily understood. This is what open-source development should look like. I can't wait for more of this!"

"Nice work on the entire serie, very well presented!"

"Very impressive results, yet again."

"So, Xtreme Thinblocks make block propagation 8.5 times faster than with previous versions of Bitcoin Core. If the Bitcoin Core developers were ok with a blocksize limit of 1 MB before Xtreme Thinblocks existed, then they must be ok with a blocksize limit of 8.5 MB now. They said that the limit could not be increased beyond the current 1 MB because of upload bandwidth limitations for full node operators. Now that is no longer a problem because everyone is now 8.5 times faster in terms of upload bandwidth capabilities. I'm sure they'll make up some new excuse not to increase the limit though."

"I love how they approached this experiment. I really like how they are getting real-world data and measuring how different setups provide different results. This is a great solution that certainly has a place in the bitcoin ecosystem."

"I cannot wait to see the rest of this presentation, it is cutting edge!!!!!!!!"

"great infographic! ... it's painful to watch the regular block going through the GFC"

"it can't get bigger praises !"

"Fantastic presentation of the results."

"Good stuff Peter "

"GG guys. Keep up the good work"

"There's so much energy, and innovation, happening in Unlimited."

"Great work."

"It keeps getting more interesting with each part. Peter really has a talent for explaining things clearly."

"Nice to see real innovation in Bitcoin."

"Thanks for all the work on this, very informative."

"Excellent work Peter. Great stuff."

"This is the response of a team player. I'm so delighted to see this kind of language and attitude; we've not been used to such in Bitcoin development for a while, unfortunately. It really highlights the fundamental difference between arrogance and team effort."

"I too agree, the series and technology is fantastic, this is exactly the type of developers Bitcoin requires!!!!!!!!!!!!"

"Revolutionary work "

"Excellent. Who says there is no development in bitcoin right now?"

"Love it."

"After reviewing their presentation, I was amazed by the results!!!!!! For my own businesses and clients, this is the ultimate solution, the unlimited solution! I love it!!!!!"

"Bloom filters are awesome. Anyone who is against spreading this innovation clearly has their head up their butt."

"Congratulations to all involved in this project, it is exceptional innovation!!!!!!!!!"

"Impressive numbers and great collaboration between all parties!!!!!!!!"

[iFixBTCmemoryIssues]

UPDATE: Bitcoin Unlimited node-count up ~20% in the past 48 hours!

This is great growth, well done BU!!!!!!!

People see the right solution for Bitcoin's future

Slowly but surely, we will get it done and avoid disaster.

[arnoudk]

Node count up! But....

.... do you mean that ...

... people would rather have a very good propagation improvement now, rather than the promise of an even better propagation improvement sometime in the future, maybe. Shocking!

[arnoudk]

Block propagation is now good enough. Can it be improved upon? Sure. But why spend valuable time and resources on that, when this solution exists and works. It is GOOD ENOUGH. It is no longer a bottleneck for on chain scaling in the immediate future.

The BU team has lots of other great optimizations lined up. Datastream compression, for example. Bundling tx broadcasting when there are multiple requests for txs improves compression further.

Just reading the bitco.in forum is heart warming.