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diff --git a/bip-0102.mediawiki b/bip-0102.mediawiki new file mode 100644 index 0000000..6694cb8 --- /dev/null +++ b/bip-0102.mediawiki @@ -0,0 +1,42 @@ +<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 + |