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Peter Rizun, Andrew Stone -- 1 GB Block Tests -- Scaling Bitcoin Stanford.

OnChain Scaling

329 subscribers • 1 video on Hallway

YouTube
  • Recommended by 2 people: 2 on Hacker News.
  • A classic. People kept recommending it from 2018 to 2022.
  • Presented by Peter Rizun and Andrew Stone
  • May be out of date. The tools, versions or practices it shows have likely moved on.
  • An opinion. It argues one side of a question engineers disagree on.

Intermediate. Assumes working knowledge.

12K views8 years ago2 recommendations

Distributed systemsSecurityCryptographyScaling and large-scale architectureConsensus: Raft and Paxos

Peter Rizun and Andrew Stone present the results of testing 1 GB blocks on a Bitcoin test network to argue for big-block scaling.

1 GB Block Tests

Why it's here

2 people recommend this

What people say. Recommended as a key presentation demonstrating the feasibility and performance of larger block sizes for scaling Bitcoin.

tobiaswkon Hacker News • Recommends

On “IOTA: The Brave Little Toaster That Couldn’t”

A mesh network that requires YOU to be online to receive funds. Also you must have funds to open a channel. So in order to receive funds you must have funds already. It seems like a really big step backwards in big big scheme of things bitcoin. All of the above problems can be solved by increasing the block size. I'm not saying it's the definitive solution... but right now it is a better solution. A good talk about really big blocks on bitcoin and what the ramifications are; link to this video

tobiaswkon Hacker News • Recommends

On “Bitcoin Sees Wall Street Warm to Trading Virtual Currency”

…oins fundamental clockwork. Suddenly you can't receive payments if you don't hold any coins yourself. Even more detrimental; you can't receive payments if you are not online on the lightning network. It has several other flaws that are very hard to fix; link . I suggest you see this presentation on 1GB blocks (tested on test-net) by Peter Rizun; link to this video And his talk at "Satoshi's Vision" (here he talks about what is called "weak blocks" and how it can improve scaling and wasted PoW; link It's totally feasible and does not require super computers albeit a Raspberry Pi won't do no more. Scaling to VISA level of transactions is possible. I don't think it's really going to change too much in…

intablion Hacker News • Recommends

On “The problem with Bitcoin miners”

I needed to clarify that it wasn’t my proposal, as to how to gradually approach this, test nets are already deployed on many of the uncapped networks, I believe you’ll enjoy this great presentation by Peter Rizun and Andrew Stone, they’re far smarter than I’ll ever be: link to this video

intablion Hacker News • Recommends

On “The problem with Bitcoin miners”

Uncapped is a pseudo name for “capped just in time”. It’s never really uncapped. If you’re interested in some work being done on such larger blocks, you’ll enjoy this presentation: link to this video

anonymous5133on Hacker News • Mentions

On “BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash”

…hink that bigger blocks were always bad but that is simply not true. The original block size limit was purely implemented to stop spam when bitcoin's userbase was very low. Satoshi actually wanted to implement bigger blocks as the userbase grew. Bigger blocks is the not the long-term solution but it is a solution that we have right now that works. link to this video…

SnowProblemon Hacker News • Mentions

On “A from-scratch tour of Bitcoin in Python”

Years ago, there was a presentation 1 by Peter Rizun of Bitcoin Unlimited at Stanford that demonstrated ~100TPS on Bitcoin, and the potential for 1000+ TPS if certain bottlenecks were removed. People said the same thing you're saying back then, but it served to motivate the big block community, and now today BSV routinely does 300+ MB blocks (1000+ tps). This Teranode software is the future of BSV and will become the common node configuration within a few years, so it's worth taking seriously. Also, I left a comment in this thread explaining why this test is more representative than you may think 2. 1 link to this video 2 link