100 - Dynamic maximum block size by miner vote
BIP: 100 source Layer: Consensus (hard fork) Title: Dynamic maximum block size by miner vote Authors: Jeff Garzik Tom Harding Dagur Valberg Johannsson Status: Closed Type: Specification Assigned: 2015-06-11 License: BSD-2-Clause Table of ContentsAbstractMotivationSpecificationDynamic Maximum Block SizeSignature Hashing Operations LimitsRecommendationsPublication of hardLimitDeploymentBackward compatibilityImplementationsCopyright 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 th...