yabu
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Naive question about scaling

Sun Dec 06, 2015 10:40 am

There's been a lot of discussion about scaling bitcoin lately and a lot of different proposals have been made. One idea I haven't seen mentioned is to increase the frequency of blocks. There's probably a very good reason why that is a terrible idea, but I would like to understand why. It seems simple enough, just divide the difficulty with say ten so that blocks are created on average every minute and also divide the block reward with ten. You would increase the throughput tenfold and blocks would be smaller. Of course this would be a hard fork and require a very large consensus, but it seems like quite a straightforward solution. Plus you would receive confirmation on your transactions much faster.

Why wouldn't it work from a technical standpoint?

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roy
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Re: Naive question about scaling

Sun Dec 06, 2015 8:23 pm

Not a tech-guy here but I think the problem is that your idea means too little time for the block to propagate.

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BitcoinNewsMagazine
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Re: Naive question about scaling

Sun Dec 06, 2015 8:52 pm

There's been a lot of discussion about scaling bitcoin lately and a lot of different proposals have been made. One idea I haven't seen mentioned is to increase the frequency of blocks. There's probably a very good reason why that is a terrible idea, but I would like to understand why. It seems simple enough, just divide the difficulty with say ten so that blocks are created on average every minute and also divide the block reward with ten. You would increase the throughput tenfold and blocks would be smaller. Of course this would be a hard fork and require a very large consensus, but it seems like quite a straightforward solution. Plus you would receive confirmation on your transactions much faster.

Why wouldn't it work from a technical standpoint?
The mean block time is hard coded into the bitcoin client. Any change like you are wanting would indeed require a hard fork and would change bitcoin into another altcoin.

yabu
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Re: Naive question about scaling

Mon Dec 07, 2015 7:14 am

Likewise the 1MB block limit is hard coded into the bitcoin client, but there's many different BIPs that would alter it. There's none that have proposed to change the frequency.

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