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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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16629297 No.16629297 [Reply] [Original]

What does /biz/ think of unbounded blocks?

>> No.16629311

>>16629297
Depends what an unbounded block is. Can you provide a quick rundown?

>> No.16629335

>>16629311
There is no cap on blocksize. Miners can decide for themselves what size block they wish to mine.

>> No.16629351

>>16629335
Then how do you ever close out a block? Seems impractical

>> No.16629363

>>16629351
What do you mean? Blocks are still found every 10 mins.

>> No.16629387
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16629387

>>16629363
I guess I don’t understand enough about mining ...

>> No.16629431

>>16629387
Thanks, haven't seen that gif in like 7 years.

Unbounded blocks don't change anything about mining except allow miners to accept as many transactions as they like. Since miners are incentivized by transaction fees to accept transactions it follows that miners will attempt to get as many transactions has humanly possible into a block. This allows the network to grow at a rate dictated by the market and accommodate high volumes of transactions.

The alternative is a bounded blocksizes like BTC, which seriously limits throughput and massively increases fees. Both of which are dynamic and unpredictable.

>> No.16629552
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16629552

>>16629431
Couldn't have put it better myself

>> No.16630300

>>16629431
>sounding smart while not saying anything insightful

>> No.16630501

>>16630300
At least I sounded smart I guess. What exactly do you think was lacking insight? I was just trying to help someone understand mining a little better.