104 - 'Block75' - Max block size like difficulty
BIP: 104 source Layer: Consensus (hard fork) Title: 'Block75' - Max block size like difficulty Authors: t.khan Status: Closed Type: Specification Assigned: 2017-01-13 License: BSD-2-Clause OR FSFAP Table of ContentsAbstractMotivationSpecificationRationaleOther solutions consideredBackward CompatibilityActivationCopyright Abstract Automatic adjustment of max block size with the target of keeping blocks 75% full, based on the average block size of the previous 2016 blocks. This would be done on the same schedule as difficulty. Motivation Blocks are already too full and cannot support further transaction growth. While SegWit and Lightning (and other off-chain solutions) will help, they will not solve this problem. Bitcoin needs a reasonably effective and predictable way of managing the maximum block size which allows moderate growth, keeps max block size as small as possible, and prevents wild swings in transaction fees. The every two-week and automatic adjustment of diffic...