Tom [ARCHIVE] on Nostr: 📅 Original date posted:2016-07-26 📝 Original message:> #Basic idea: > > ...

📅 Original date posted:2016-07-26
📝 Original message:> #Basic idea:
>
> Ideally, all miners would begin hashing the next block at exactly the same
> time. Miners with a head start are more profitable, and the techniques that
> help miners receive and validate blocks quickly create centralization
> pressure.
>
> What if there was something that acted like the starting flag at a race,
> which could suddenly wave and cause all of the miners to simultaneously
> begin hashing the next block?
>
> #Implementation:
>
> Let a sync flag be a message consisting of:
>
> 1. Hash of the previous block.
> 2. Bitcoin address
> 3. Nonce
>
> This tiny message could propagate through the network at maximum speed. If
> miners had to include the hash of this flag in the next block, then all
> miners wait for this flag, and when it suddenly spread through the network,
> all miners could simultaneously begin hashing the next block.

What you describe in this part of your message can be done with no forks
whatsoever and I think that this is enough. Don't really see the reason for
any change in funding.

The idea of sending out a block header is essentially what I called
"optimistic mining" and has been described in more detail in my blog here;
http://zander.github.io/posts/Innovation%20-%20OnlineScaling/

The video explains with graphics too...

You may find this interesting :)