Will the core devs increase the block size limit before the halving of the block reward?

arsenische · Tue Dec 22, 2015 7:24 am

Just curious.

CryptAxe · Tue Dec 22, 2015 7:47 am

I don't think they will, and I don't want them to rush it!

bitkilo · Tue Dec 22, 2015 9:10 am

I don't think it will happen with the current proposals on offer.
If something better comes along that most agree on then it may happen before the halving but i doubt it.

This is not something that should or even needs to be rushed.

LiteCoinGuy · Tue Dec 22, 2015 12:04 pm

i dont think they will do it as a hardfork.....i guess the plan is the following:

Capacity increases for the Bitcoin system

-Very soon libsecp256k1 will be used for verification, which speeds up initial sync time by 400%-700% and reduces CPU load for all full nodes.

-A segregated witness softfork will be done ASAP (within 3-6 months, probably). This will at least double the effective transaction capacity (ie. it is equal to or better than BIP 102), and at the same time it will provide features important for safely scaling even more in the future.
-There will not be any hardfork for at least the next ~year.

-To pave the way for scalable hardfork max block size increases (which will eventually be necessary), and because it is already dearly needed, improved block/tx broadcasting technology such as weak blocks and IBLT will be implemented, hopefully soon after SegWit.

-The BIPs necessary for efficient deployment of Lightning are already in the pipeline and should be rolled out in 2016. Lightning will allow for almost all of the security, features, and decentralization of Bitcoin transactions while drastically reducing the number of on-blockchain transactions that each individual will need to perform. This is expected to be the real eventual solution to scaling.