106 - Dynamically Controlled Bitcoin Block Size Max Cap
BIP: 106 Layer: Consensus (hard fork) Title: Dynamically Controlled Bitcoin Block Size Max Cap Author: Upal Chakraborty Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0106 Status: Rejected Type: Standards Track Created: 2015-08-24 ==Abstract== This BIP proposes replacing the fixed one megabyte maximum block size with a dynamically controlled maximum block size that may increase or decrease with difficulty change depending on various network factors. I have two proposals regarding this... i. Depending only on previous block size calculation. ii. Depending on previous block size calculation and previous Tx fee collected by miners. ==Motivation== With increased adoption, transaction volume on bitcoin network is bound to grow. If the one megabyte max cap is not changed to a flexible one which changes itself with changing network demand, then adoption will hamper and bitcoin's growth may choke up. Following graph shows the c...