Sentences with phrase «vote on the block size»

As endorsed by Core developer Peter Todd, bitcoin holders could vote on the block size with the bitcoin they control, meaning the biggest stakeholders in the Bitcoin economy would have most of the influence on the block - size limit.

Not exact matches

Bitcoin Classic eventually introduced the idea of block - size voting, which relies on the principle of a variable block size.

Bitcoin Classic eventually introduced the idea of block - size voting, which relies on the principle of

Also, with electorate nearly equally split over a majority of important issues, the size of the body matters slightly less, but a larger body is more likely to allow passing more laws since you can always trade votes between blocks on random laws that a given block cares less about (e.g. I'll vote for your farm bill if you vote for my factory bill).

I knocked on over 5,000 doors and when you have a voting block five times the size of the number that came out, it's sad.»

A lawyer for Florida's statewide teachers union asked a judge Wednesday to block the counting of votes cast on the Legislature's proposed state constitutional amendment to loosen class size limits.

This means that the block size limit can be adjusted without the need for hard forks, provided that a majority of nodes vote on the adjustment.

Bitcoin Cash has taken the approach of allowing block size to be voted on by miners with a hard cap at 32 MB.

In PoS - based public blockchains, a set of validators take turns proposing and voting on the next block, and the weight of each validator's vote depends on the size of their deposit (ie.