Dear list
I've spent the past couple of months developing a simple protocol for
working with payment channels. I've written up a specification of how
it operates, in an attempt to standardize the operations of opening,
paying and closing.
This specification was derived from a mostly-working imple
Bitcoin network is
unreliable, at best, when a majority of mining power is used for malicious
purposes.
/Rune
> On 19 Sep 2015, at 04:30, Justus Ranvier via bitcoin-dev
> wrote:
>
> On 18/09/15 15:17, Rune Kjær Svendsen via bitcoin-dev wrote:
>> Bitcoin does not function
et commitments, we should
> seriously discuss whether the security model reduction is reasonable.
>
> On 09/18/2015 12:05 PM, Rune Kjær Svendsen via bitcoin-dev wrote:
>> Currently, when a new node wants to join the network, it needs to retrieve
>> the entire blockchain history, sta
Currently, when a new node wants to join the network, it needs to retrieve the
entire blockchain history, starting from January 2009 and up until now, in
order to derive a UTXO set that it can verify new blocks/transactions against.
With a blockchain size of 40GB and a UTXO size of around 1GB, t
