{"type":"rich","version":"1.0","author_name":"npub1lupuse8cysuanxcpq8h4d32359xxzedzjj83rmwv4yr9qxfmhtzqghjqch","author_url":"https://nostr.ae/npub1lupuse8cysuanxcpq8h4d32359xxzedzjj83rmwv4yr9qxfmhtzqghjqch","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2017-01-02\n📝 Original message:Based on feedback from this list and further simulations, here is a new\nalgorithm for Block75:\n\nnew max blocksize = x + (x * (AVERAGE_CAPACITY - TARGET_CAPACITY)\n\nTARGET_CAPACITY = 0.75\nAVERAGE_CAPACITY = average percentage full of the last 2016 blocks, as a\ndecimal\nx = current max block size\n\nPlease note that this algorithm actually tries to keep blocks 75% full,\nunlike the old one that unnecessarily capped growth at 250KB. While this\nwould theoretically allow a maximum increase of 25% over the previous max\nblock size, in practice it's not possible to get that high.\n\nThis would be calculated every 2016 blocks along with difficulty.\n\nBlock75 should maintain transaction fees at about the level they were in\nMay/June 2016 when blocks started hitting 75% full somewhat consistently.\n\nThoughts? For any predictions as to how this would behave, please provide\nthe numbers used to arrive at any conclusions.\n\nOther questions:\n1. How do we make Block75 play nice with SegWit?\n2. Is there any need for a minimum max blocksize? Block75 allows for\ndecreasing the size as well as increasing it.\n\nActivation:\nTo help negate some of the risk associated with a hard fork and to prevent\na single relatively small mining pool from blocking Block75's adoption,\nactivation would occur once 900 of the last 1,000 blocks mined signaled\nsupport, with a grace period of 4,032 blocks.\n\nThank you again to all those who commented on the previous Block75 thread.\nTogether, we can make 2017 the year the block size debate ends (hopefully\nforever).\n\nHappy New Year!\n\n- t.k.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170102/dab8e778/attachment.html\u003e"}