Compact Blocks FAQ

By Bitcoin Core Jun 6, 2016 8:00 PM EST

This story was shared from this site

Overview Summary What are some useful benchmarks for this? How are expected missing transactions chosen to immediately forward? How does the Fast Relay Network factor into this? Does this scale Bitcoin? Who benefits from compact blocks? What is the timeline on coding, testing, reviewing and deploying compact block propagation? How can this be adapted for even faster p2p relay? Is this idea new? Further reading resources

Compact block relay, BIP152, is a method of reducing the amount of bandwidth used to propagate new blocks to full nodes.

Summary

Using simple techniques it is possible to reduce the amount of bandwidth necessary to propagate new blocks to full nodes when they already share much of the same mempool contents. Peers send compact block “sketches” to receiving peers. These sketches include the following information:

The 80-byte header of the new block Shortened transaction identifiers (txids), that are designed to prevent Denial-of-Service (DoS) attacks Some full transactions which the sending peer predicts the receiving peer doesn’t have yet

The receiving peer then tries to reconstruct the entire block using the received information and the transactions already in its memory

Facebook Comments


Comments are closed here.

Read previous post:
f2pool hashrate distribution
F2Pool Talks Bitcoin Halving and Increased Share of Network Hashrate

Recently, F2Pool became the clear leader in bitcoin mining pools (once again). The pool has mined 31 percent of all...

Close