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Add bounded limits to blocksize
Choosing 8MB because currently the consensus among miners is 8MB is the largest tolerable size.
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@ -48,6 +48,11 @@ downvoted at no cost by the objecting hash power.
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Using difficulty as a penalty is better than a fixed cost in bitcoins because it
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is less predictable.
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In order to prevent miners having complete control over blocksize, an upper
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limit is required at protocol level. This feature ensures full nodes retain
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control over consensus, remembering full nodes are the mechanism to keep miners
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honest.
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==Specification==
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@ -81,7 +86,7 @@ the next 2016 blocks.
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Blocks that are larger than the calculated base block size limit are invalid and
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will be rejected.
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The base block size limit may not reduce below 1MB.
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The base block size limit may not reduce below 1MB or increase above 8MB.
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==Acknowledgements==
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