100 - Dynamic maximum block size by miner vote
BIP: 100 Layer: Consensus (hard fork) Title: Dynamic maximum block size by miner vote Author: Jeff Garzik Tom Harding Dagur Valberg Johannsson Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0100 Status: Rejected Type: Standards Track Created: 2015-06-11 License: BSD-2-Clause ==Abstract== Replace the static 1M block size hard limit with a hard limit set by coinbase vote, conducted on the same schedule as difficulty retargeting. ==Motivation== Miners directly feel the effects, both positive and negative, of any maximum block size change imposed by their peers. Larger blocks allow more growth in the on-chain ecosystem, while smaller blocks reduce resource requirements network-wide. Miners also act as an efficient proxy for the rest of the ecosystem, since they are paid in the tokens collected for the blocks they create. A simple deterministic system is specified, whereby a 75% mining supermajorit...