2015-10-30 00:53
sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development |
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<
mechanikalk >
hello
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<
mechanikalk >
I have an idea on how to scale PoW blockchains and I thought that today might be an auspicious day to present it
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<
mechanikalk >
any comments or questions are greatly appreciated
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<
mechanikalk >
The TL;DR is BlockReduce presents a new blockchain topology that offers 3+ orders of magnitude improvement in transaction throughput while avoiding the introduction of hierarchical power structures and centralization. This is accomplished through a modification to the block reward incentive to not only reward work, but to also reward optimization of network constraints and efficient propagation of transactions. This is
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<
mechanikalk >
managed hierarchy of tightly-coupled, merge-mined blockchains.
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<
kanzure >
page 9 reference 1 is broken
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<
mechanikalk >
kanzure, thanks for the heads up, fixing
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<
mechanikalk >
kanzure would love any feedback on the paper
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