[cryptography] bitcoin scalability to high transaction rates

James A. Donald jamesd at echeque.com
Thu Jul 21 18:58:47 EDT 2011


On 2011-07-22 8:22 AM, lodewijk andré de la porte wrote:
> There's currently a limited amount of transactions per block, this limit can
> be changed. There's certain stuff in place to give bigger transactions,
> older transactions and transactions with higher fee's precedence. That
> should kill the possibility to truly DoS the network, although it's possible
> to get blocks filled all the time, possibly forever. It's also possible to
> DoS certain nodes, although the network will not likely suffer from it.
> After sifting through all of this stuff the network seems quite inherently
> robust. The only thing I worry about is when the amount of transactions
> become too great for any single PC to manage, since a large part of the work
> is done everywhere. Then all those pc's'll have to sync up, it's a data
> nightmare.

Back in the beginning I criticized the scalability of the bitcoin 
architecture.  Much, however, has changed since then.  I doubt that 
those particular criticisms are still applicable.




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