The only blocktime reduction that would be a game changer, would be a 1 second blocktime or less, and by less I mean much less maybe 1000 blocks/second. Which would enable decentralized high frequency trading or playing WoW on blockchain and other cool stuff.But technology is not developped enough as far as I now, maybe with quantum computers in the future, and it is even bitcoins goal?Also there is a guy who wrote a script to avoid "sybil attack" from 2xI don't know what it's worth, maybe check it out, I'm not huge support of that kind of methods.IlanskyLe 20 oct. 2017 14:01, <bitcoin-dev-request@lists.linuxfoundation.org > a écrit :Send bitcoin-dev mailing list submissions to
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Today's Topics:
1. Improving Scalability via Block Time Decrease (Jonathan Sterling)
2. Re: Improving Scalability via Block Time Decrease
(=?UTF-8?Q?Ad=c3=a1n_S=c3=a1nchez_de_Pedro_Crespo?=)
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Message: 1
Date: Thu, 19 Oct 2017 14:52:48 +0800
From: Jonathan Sterling <jon@thancodes.com>
To: bitcoin-dev@lists.linuxfoundation.org
Subject: [bitcoin-dev] Improving Scalability via Block Time Decrease
Message-ID:
<CAH01uEtLhLEj5XOp_MDRii2dR8-zUu4fUsCd25mzLDtpD_fwYQ@mail. >gmail.com
Content-Type: text/plain; charset="utf-8"
The current ten-minute block time was chosen by Satoshi as a tradeoff
between confirmation time and the amount of work wasted due to chain
splits. Is there not room for optimization in this number from:
A. Advances in technology in the last 8-9 years
B. A lack of any rigorous formula being used to determine what's the
optimal rate
C. The existence of similar chains that work at a much lower block times
Whilst I think we can all agree that 10 second block times would result in
a lot of chain splits due to Bitcoins 12-13 second propagation time (to 95%
of nodes), I think we'll find that we can go lower than 10 minutes without
much issue. Is this something that should be looked at or am I an idiot who
needs to read more? If I'm an idiot, I apologize; kindly point me in the
right direction.
Things I've read on the subject:
https://medium.facilelogin.com/the-mystery-behind-block- time-63351e35603a
(section header "Why Bitcoin Block Time Is 10 Minutes ?")
https://bitcointalk.org/index.php?topic=176108.0
https://bitcoin.stackexchange.com/questions/1863/why-was- the-target-block-time-chosen- to-be-10-minutes
Kind Regards,
Jonathan Sterling
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Message: 2
Date: Thu, 19 Oct 2017 15:41:51 +0200
From: "=?UTF-8?Q?Ad=c3=a1n_S=c3=a1nchez_de_Pedro_Crespo?="
<adan@stampery.co>
To: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] Improving Scalability via Block Time
Decrease
Message-ID: <40b6ef7b-f518-38cd-899a-8f301bc7ac3a@stampery.com >
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Blockchains with fast confirmation times are currently believed to
suffer from reduced security due to a high stale rate.
As blocks take a certain time to propagate through the network, if miner
A mines a block and then miner B happens to mine another block before
miner A's block propagates to B, miner B's block will end up wasted and
will not "contribute to network security".
Furthermore, there is a centralization issue: if miner A is a mining
pool with 30% hashpower and B has 10% hashpower, A will have a risk of
producing a stale block 70% of the time (since the other 30% of the time
A produced the last block and so will get mining data immediately)
whereas B will have a risk of producing a stale block 90% of the time.
Thus, if the block interval is short enough for the stale rate
to be high, A will be substantially more efficient simply by virtue of
its size. With these two effects combined, blockchains which produce
blocks quickly are very likely to lead to one mining pool having a large
enough percentage of the network hashpower to have de facto control over
the mining process.
Another possible implication of reducing the average block time is that
block size should be reduced accordingly. In an hypothetical 5 minutes
block size Bitcoin blockchain, there would be twice the block space
available for miners to include transactions, which could lead to 2
immediate consequences: (1) the blockchain could grow up to twice the
rate, which is known to be bad for decentralization; and (2) transaction
fees might go down, making it cheaper for spammers to bloat our beloved
UTXO sets.
There have been numerous proposals that tried to overcome the downsides
of faster blocks, the most noteworthy probably being the "Greedy
Heaviest Observed Subtree" (GHOST) protocol:
http://www.cs.huji.ac.il/~yoni_sompo/pubs/15/btc_ scalability_full.pdf
Personally, I can't see why Bitcoin would need or how could it even
benefit at all from faster blocks. Nevertheless, I would really love if
someone in the list who has already run the numbers could bring some
valid points on why 10 minutes is the optimal rate (other than "if it
ain't broke, don't fix it").
--
Ad?n S?nchez de Pedro Crespo
CTO, Stampery Inc.
San Francisco - Madrid
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