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authorJeff Garzik <jgarzik@bitpay.com>2015-06-23 02:51:52 -0400
committerJeff Garzik <jgarzik@bitpay.com>2015-06-23 02:51:52 -0400
commit79f4e229096e305effddeba149ccdbf6525ee604 (patch)
treeacadbf386f2576a39c5f400a343a454c982e936d
parent8defdc87d18a8f36d426ed40145441d271f18ae4 (diff)
Add BIP XX - 2MB block size limit increase
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+<pre>
+ BIP: XX
+ Title: Block size increase to 2MB
+ Author: Jeff Garzik <jgarzik@gmail.com>
+ Status: Draft
+ Type: Standards Track
+ Created: 2015-06-23
+</pre>
+
+==Abstract==
+
+Increase total amount of transaction data permitted in a block from 1MB to 2MB on November 11, 2015.
+
+==Motivation==
+
+# Exercise network upgrade procedure.
+# Continue current economic policy of low fee pressure on average.
+
+==Specification==
+
+# Maximum block size permitted to be valid is 1MB.
+# Increase this maximum to 2MB on November 11, 2015 at 00:00:00 UTC.
+# Increase maximum block sigops by similar factor, preserving SIZE/50 formula.
+
+==Backward compatibility==
+
+Older clients are not compatible with this change. The first block exceeding 1,000,000 bytes will partition older clients off the new network.
+
+==Discussion==
+
+In the short term, an increase is needed to continue to facilitate
+network growth, and buy time for more comprehensive solutions to be
+developed. This continues the current economic policies with regards to
+fees, matching market expectations and preventing market disruption.
+
+In the long term, continued direct management of this limit is a moral hazard that clouds free market input and prevents a healthy fee market from developing. This area of code should be transitioned away from direct management.
+
+==Implementation==
+
+https://github.com/jgarzik/bitcoin/tree/2015_2mb_blocksize
+