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authorJeff Garzik <jgarzik@bitpay.com>2015-06-23 18:18:39 -0400
committerJeff Garzik <jgarzik@bitpay.com>2015-06-23 18:18:39 -0400
commit188ee9e718dc12c34d86c2f4886c79c476437f0a (patch)
tree4fb8aab4976635926dac48692eb31a853e7fca88 /bip-0102.mediawiki
parent46e70a9a97af23014b456ff9bf5dd9e232b41421 (diff)
downloadbips-188ee9e718dc12c34d86c2f4886c79c476437f0a.tar.xz
bip-XX-2mb assigned BIP number 102.
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+<pre>
+ BIP: 102
+ 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==
+
+# Enable network growth.
+# Continue current economic policy of low fee pressure on average.
+# Exercise network upgrade procedure.
+
+==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
+