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Bitcoin SV Node Q&A

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Total Economy: 0.23 USD
The small blockers insist that really big blocks cannot possibly be propagated within the necessary time reliably. How does BSV Node plan to support "Tera" sized blocks? Are you guys planning to propagate meta info instead of full blocks?
TLDR; Miners will propagate their blocks before they are mined. There are several 'thin block' protocols that have existed since before BSV split. These work on the assumption that the block recipient already has most of the raw transactions on hand, and can reconstruct the complete block using transaction ids. There are even ways to only send partial transaction ids. BSV intends to take this one step further. Miners create a block template and through the process of mining attempt to solve their template with a random number. What will happen is the template gets sent to others before the miner has found a solution. Then once they find a solution, they only need to send the solution. Miners typically update the template they are working from every few seconds to include newly received transactions. Every time the template is changed, the difference between the new and old templates is sent out. This results in every miner having a copy of all the others miners blocks, before they've even been mined.
bitcoinrealist tipped:
0.01 USD
1 year ago
bitcoinrealist replied:
I hadn't thought of that quite yet... I had been thinking about computers in node pools somehow building on the same block on network attached storage. But then pools would need to transmit their completed block to other pools. A thin block protocol certainly is a possible puzzle piece for that.
Small blockers priests will tell you how BitCoin will never work, how they proved that mathematically already (but without sharing that proof). Those people don't want BitCoin, they want what visa, mastercard, and paypal already have: closed networks that they control and can leach a percentage of every transaction from. They are rent seekers and proponents of the status quo, and they will behave badly to get what they want.
Transactions processors form a small world network. This can include direct fiber optic links between them. I'm sure some enterprising network will rise to commercial demand (Equinix?). I suggest studying how networking technology scales vs computing and storage. The network links, and hence, big blocks, are NOT going to be the bottleneck. George Gilder wrote a great book on this years ago: https://www.goodreads.com/book/show/1225914.Telecosm
vrt tipped:
0.22 USD
1 year ago
light replied:
Imagine load balancers that automatically break off transactions as they flow over the wire and distribute to verification/validation nodes (distributed horizontally). Dr Wright wrote an article years ago about the double hash and how it can be used to distribute work along with the block building process. Not saying that is how it will work but many things possible when you think about it enough. Plenty of opportunities for business specialization and hyper-capitalism at practically every layer, for many, many problems.
Define necessary time, and who are you propagating the block to?
bitcoinrealist replied:
good question and i don't really give a fuck about their nay saying at this point. Every damn thing is impossible for them. But I am curious about how the huge blocks will be propagated.. will the full blocks be propagated or will there be some sort of propagating by reference?
token_squatting replied:
You mean like a bloom filter? Not sure, taking apart the current reference client would probably reveal it.