From 1f64d2b06d628dffdc297be9a8afbb9da4e6b6ca Mon Sep 17 00:00:00 2001
From: Peter Todd <pete@petertodd.org>
Date: Mon, 21 Oct 2013 00:32:10 -0400
Subject: Rename to mediawiki extension

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 bip-0034.mediawiki | 39 +++++++++++++++++++++++++++++++++++++++
 1 file changed, 39 insertions(+)
 create mode 100644 bip-0034.mediawiki

(limited to 'bip-0034.mediawiki')

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+{{bip}}
+
+<pre>
+  BIP: 34
+  Title: Block v2, Height in Coinbase
+  Author: Gavin Andresen <gavinandresen@gmail.com>
+  Status: Accepted
+  Type: Standards Track
+  Created: 2012-07-06
+</pre>
+
+==Abstract==
+
+Bitcoin blocks and transactions are versioned binary structures. Both currently use version 1. This BIP introduces an upgrade path for versioned transactions and blocks. A unique value is added to newly produced coinbase transactions, and blocks are updated to version 2.
+
+==Motivation==
+
+# Clarify and exercise the mechanism whereby the bitcoin network collectively consents to upgrade transaction or block binary structures, rules and behaviors.
+# Enforce block and transaction uniqueness, and assist unconnected block validation.
+
+==Specification==
+
+# Treat transactions with a version greater than 1 as non-standard (official Satoshi client will not mine or relay them).
+# Add height as the first item in the coinbase transaction's scriptSig, and increase block version to 2. The format of the height is "serialized CScript" -- first byte is number of bytes in the number (will be 0x03 on main net for the next 300 or so years), following bytes are little-endian representation of the number.  Height is the height of the mined block in the block chain, where the genesis block is height zero (0).
+# 75% rule: If 750 of the last 1,000 blocks are version 2 or greater, reject invalid version 2 blocks. (testnet3: 51 of last 100)
+# 95% rule ("Point of no return"): If 950 of the last 1,000 blocks are version 2 or greater, reject all version 1 blocks. (testnet3: 75 of last 100)
+
+==Backward compatibility==
+
+All older clients are compatible with this change. Users and merchants should not be impacted. Miners are strongly recommended to upgrade to version 2 blocks. Once 95% of the miners have upgraded to version 2, the remainder will be orphaned if they fail to upgrade.
+
+==Implementation==
+
+https://github.com/bitcoin/bitcoin/pull/1526
+
+[[Category:Developer]]
+[[Category:Technical]]
+[[Category:BIP|D]]
+
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