https://twitter.com/jgarzik/status/609371913748529153Making Decentralized Economic Policy
BIP 100 Theory and Discussion, v0.3 draft
Jeff Garzik <
jgarzik@gmail.com>
a.k.a.
Another proposal to scale up bitcoin removing the max block size limit
Protocol changes proposed:
Hard fork to remove 1MB block size limit.
Simultaneously, add a new soft fork limit of 2MB.
Schedule the hard fork on testnet for September 1, 2015.
Schedule the hard fork on bitcoin main chain for December 11, 2015.
Default miner block size becomes 1MB (easily changeable by miner at any time, as today).
Changing the 2MB limit is accomplished in a manner similar to BIP 34, a oneway lockin upgrade with a 12,000 block (3 month) threshold.