mirrors/bitcoin-bips
1
0
Fork 0
mirror of https://github.com/bitcoin/bips.git synced 2025-01-18 13:26:08 +01:00
Code Issues Projects Releases Wiki Activity

Add BIP XX - 2MB block size limit increase

Browse Source
This commit is contained in:
Jeff Garzik 2015-06-23 02:51:52 -04:00
parent 8defdc87d1
commit 79f4e22909
1 changed files with 41 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

41
bip-XX-2mb.mediawiki Normal file
View File

@ -0,0 +1,41 @@
<pre>
BIP: XX
Title: Block size increase to 2MB
Author: Jeff Garzik <jgarzik@gmail.com>
Status: Draft
Type: Standards Track
Created: 2015-06-23
</pre>
==Abstract==
Increase total amount of transaction data permitted in a block from 1MB to 2MB on November 11, 2015.
==Motivation==
# Exercise network upgrade procedure.
# Continue current economic policy of low fee pressure on average.
==Specification==
# Maximum block size permitted to be valid is 1MB.
# Increase this maximum to 2MB on November 11, 2015 at 00:00:00 UTC.
# Increase maximum block sigops by similar factor, preserving SIZE/50 formula.
==Backward compatibility==
Older clients are not compatible with this change. The first block exceeding 1,000,000 bytes will partition older clients off the new network.
==Discussion==
In the short term, an increase is needed to continue to facilitate
network growth, and buy time for more comprehensive solutions to be
developed. This continues the current economic policies with regards to
fees, matching market expectations and preventing market disruption.
In the long term, continued direct management of this limit is a moral hazard that clouds free market input and prevents a healthy fee market from developing. This area of code should be transitioned away from direct management.
==Implementation==
https://github.com/jgarzik/bitcoin/tree/2015_2mb_blocksize