Skip to Content
Foundations of Blockchain
book

Foundations of Blockchain

by Koshik Raj
January 2019
Beginner to intermediate
372 pages
11h 17m
English
Packt Publishing
Content preview from Foundations of Blockchain

Proposed solutions

From the very beginning of 2010, there have been attempts to increase the block size with different proposals. There are even a number of Bitcoin Improvement Proposals (BIP) that keep track of this issue. Some of them are BIP 100 - 103 and BIP 109, and all of them are either in a draft or a rejected state.

One of the initial proposals, BIP 101 by Gavin Andreson, one of the initial developers of the Bitcoin core, suggested increasing the block size to 8 MB and doubling the limit every two years, with the size growing linearly during the two years. Although the proposal gained support from a majority of the miners, it failed to gain an economic majority as it required a hard fork. An alternate Bitcoin client called Bitcoin ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Blockchain Basics

Blockchain Basics

Daniel Drescher
What Is Blockchain?

What Is Blockchain?

Sir John Hargrave, Evan Karnoupakis
Mastering Blockchain

Mastering Blockchain

Lorne Lantz, Daniel Cawrey

Publisher Resources

ISBN: 9781789139396Supplemental Content