Sunday 3 January 2016

Scaling Bitcoin: Ethereum Approach


Ethereum has no blocksize limit but the number of contract calls and standard transactions contained in a block is limited by a gas limit, which is 1.20x of the exponential moving average. This upper limit of gas that can be expended per block acts as a dynamic constraint that has only a limited effect - AFAIS - on the free market of miners. It appears to be an excellent approach that maintains decentralisation without hindering organic growth.I've seen no such system proposed for Bitcoin. Is there not much support for it? Can I hear some critiques? via /r/Bitcoin http://bit.ly/1OsvOYk

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