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Actual Data from a serious test with blocks from 0MB - 10MB

Jonathan Toomim's work on blocksize measurements is not appreciated widely enough.
The data from his intensive global testnet investigations is presented in a nice and informative interactive format here:
https://toom.im/blocktime
Jonathan presented this data at scaling bitcoin Hong Kong, and then proceeded to spend many more days in Asia talking to miners there, the results of which have been summarized in other posts.
The tests charted at the link above involved generating blocks in London, and watching how they propagated across the world.
TL;DR: if you're in China, you have a problem whose name is the Great Firewall, that affects even tiny blocks. Otherwise, your experience is pretty good, even up to 9+MB blocks. Have a look at the data for yourself.
One of the things you'll see Jonathan has been testing is "thin blocks". This is a simple compression technique similar to IBLT or the relay network, but it's built into a fully validating node. It was written by Mike Hearn and is currently available as a patch to XT. It's still being improved but as you'll see from the charts, it can make a huge difference in block propagation times.
In this first test, thin blocks didn't have much effect on larger blocks -- this was due to an index size limit that is now being addressed in both core and XT (technically, "setInventoryKnown" was much too small).
Jonathan is now planning another global test with many improvements to the first. Thank you JT!
submitted by dgenr8 to btc [link] [comments]

Bitcoin Chart Technical Analysis for 07-15-2020 WARNING TO ALL BITCOIN BEARS!!!!!!! THIS CHART WILL BLOW YOUR MIND!!!! This Bitcoin Chart Could Change Everything (Critical Level) INSANE!! BITCOIN CHART MIGHT GET REKT?!! Crypto Analysis TA Today & BTC Cryptocurrency Price News INCREDIBLE BITCOIN CHART SHOWING A HUGE MOVE AND THIS $1,000,000,000 WHALE IS GETTING READY!!!

Jonathan Toomim - Bitcoin Miner Original Poster 1 point · 1 year ago I think the overhead of creating a Github repo is maybe a bit too significant for this project. That's probably 10 minutes of work (or 20 minutes given how slow my internet is right now -- damn you China) for an issue which is probably only 2 hours of work total. On April 8, BCH developer Jonathan Toomim revealed how far he’s come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression. Also read: Uyen T Nguyen: The Powerful Young […] According to figures on Coin Dance, bitcoin cash miners would make 75 percent more profit by mining the bitcoin blockchain than either the Bitcoin SV or Bitcoin ABC chain. Jonathan Toomim’s propagation delay vs. block size chart. The Pros and Cons Concerning the OP_Code CHECKDATASIGVERIFY or DSV . Then there are many discussions concerning the OP_CHECKDATASIGVERIFY (DSV) feature Bitcoin ABC wants to add. 3) Overall, we're in the stage of planned bitcoin deconstruction. Gladly, there are no way to kill cryptocurrencies - even if bitcoin going to die, someone else will take it's place (related: see "bitcoin market share" chart) P.S. We're talking about wrong problem. "How exactly 2MB blocks should be implemented" is surely wrong direction of talks.

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Bitcoin Chart Technical Analysis for 07-15-2020

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