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authordeveloper <estensioni.app@gmail.com>2024-12-28 07:54:33 -0800
committerbitcoindev <bitcoindev@googlegroups.com>2024-12-28 07:58:24 -0800
commit5fe0ce11de09f16bfbb633af23101d7fc0c31a1d (patch)
tree20639b1497a68a053fca74462401044d48901518
parent2f9b76a71e58c4669e3c7f6298a39aeb06fb5460 (diff)
downloadpi-bitcoindev-5fe0ce11de09f16bfbb633af23101d7fc0c31a1d.tar.gz
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[bitcoindev] Mandatory Inclusion of Old Transactions in Blocks
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+Date: Sat, 28 Dec 2024 07:54:33 -0800 (PST)
+From: developer <estensioni.app@gmail.com>
+To: Bitcoin Development Mailing List <bitcoindev@googlegroups.com>
+Message-Id: <fa4a8cd3-778c-4793-8dd4-5662475b6601n@googlegroups.com>
+Subject: [bitcoindev] Mandatory Inclusion of Old Transactions in Blocks
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+
+Status: Draft
+Type: Standards Track
+Created: December 27, 2024
+Abstract
+
+This proposal mandates miners to include at least 0.1% of transactions in
+their blocks from the oldest transactions by date, even if they have low
+fees. This mechanism helps prevent mining centralization and censorship,
+encouraging miners not to exclude certain transactions.
+Motivation
+
+The increasing centralization of Bitcoin mining and potential regulations
+that may require miners to censor or exclude certain transactions pose a
+threat to the Bitcoin network. Mandating the inclusion of a small
+percentage of old transactions, even with low fees, ensures that no single
+miner can censor block contents without sacrificing their own rewards.
+Specification
+
+ Mandatory Inclusion of Old even if with Low-Fee Transactions
+ Each miner is required to include at least 0.1% of the total
+transactions in a block from the oldest transactions in the mempool, even
+if their fees are below the current market average.
+ These transactions must be added to blocks regardless of their
+fees, prioritizing their age.
+
+ Block Validation
+ Bitcoin network nodes will validate blocks only if they contain the
+required percentage of old transactions.
+ If a block fails to meet this criterion, it will be deemed invalid
+and rejected by the network.
+
+ Incentives
+ Miners are incentivized to include these transactions to ensure
+their blocks are valid and to avoid losing block rewards.
+
+Advantages
+
+ Censorship Resistance: Miners cannot censor transactions without
+forfeiting their rewards.
+ Greater Inclusivity: Old and low-fee transactions are assured of being
+confirmed.
+ Decentralization Prevention: Reducing the potential for centralized
+censorship keeps the Bitcoin network decentralized.
+
+Considerations
+
+ Impact on the Mempool: The mempool may become more dynamic and
+up-to-date with fewer old, stagnant transactions.
+ Resource Management: Miners will need to adjust their systems to
+automatically identify and include relevant transactions.
+
+Conclusion
+
+Implementing this BIP will help maintain the integrity and decentralization
+of the Bitcoin network, preventing censorship and ensuring all transactions
+have a fair chance of confirmation.
+
+--
+You received this message because you are subscribed to the Google Groups "Bitcoin Development Mailing List" group.
+To unsubscribe from this group and stop receiving emails from it, send an email to bitcoindev+unsubscribe@googlegroups.com.
+To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/fa4a8cd3-778c-4793-8dd4-5662475b6601n%40googlegroups.com.
+
+------=_Part_575481_436030586.1735401273722
+Content-Type: text/html; charset="UTF-8"
+Content-Transfer-Encoding: quoted-printable
+
+Status: Draft<br />Type: Standards Track<br />Created: December 27, 2024<br=
+ />Abstract<br /><br />This proposal mandates miners to include at least 0.=
+1% of transactions in their blocks from the oldest transactions by date, ev=
+en if they have low fees. This mechanism helps prevent mining centralizatio=
+n and censorship, encouraging miners not to exclude certain transactions.<b=
+r />Motivation<br /><br />The increasing centralization of Bitcoin mining a=
+nd potential regulations that may require miners to censor or exclude certa=
+in transactions pose a threat to the Bitcoin network. Mandating the inclusi=
+on of a small percentage of old transactions, even with low fees, ensures t=
+hat no single miner can censor block contents without sacrificing their own=
+ rewards.<br />Specification<br /><br />=C2=A0 =C2=A0 Mandatory Inclusion o=
+f Old even if with Low-Fee Transactions<br />=C2=A0 =C2=A0 =C2=A0 =C2=A0 Ea=
+ch miner is required to include at least 0.1% of the total transactions in =
+a block from the oldest transactions in the mempool, even if their fees are=
+ below the current market average.<br />=C2=A0 =C2=A0 =C2=A0 =C2=A0 These t=
+ransactions must be added to blocks regardless of their fees, prioritizing =
+their age.<br /><br />=C2=A0 =C2=A0 Block Validation<br />=C2=A0 =C2=A0 =C2=
+=A0 =C2=A0 Bitcoin network nodes will validate blocks only if they contain =
+the required percentage of old transactions.<br />=C2=A0 =C2=A0 =C2=A0 =C2=
+=A0 If a block fails to meet this criterion, it will be deemed invalid and =
+rejected by the network.<br /><br />=C2=A0 =C2=A0 Incentives<br />=C2=A0 =
+=C2=A0 =C2=A0 =C2=A0 Miners are incentivized to include these transactions =
+to ensure their blocks are valid and to avoid losing block rewards.<br /><b=
+r />Advantages<br /><br />=C2=A0 =C2=A0 Censorship Resistance: Miners canno=
+t censor transactions without forfeiting their rewards.<br />=C2=A0 =C2=A0 =
+Greater Inclusivity: Old and low-fee transactions are assured of being conf=
+irmed.<br />=C2=A0 =C2=A0 Decentralization Prevention: Reducing the potenti=
+al for centralized censorship keeps the Bitcoin network decentralized.<br /=
+><br />Considerations<br /><br />=C2=A0 =C2=A0 Impact on the Mempool: The m=
+empool may become more dynamic and up-to-date with fewer old, stagnant tran=
+sactions.<br />=C2=A0 =C2=A0 Resource Management: Miners will need to adjus=
+t their systems to automatically identify and include relevant transactions=
+.<br /><br />Conclusion<br /><br />Implementing this BIP will help maintain=
+ the integrity and decentralization of the Bitcoin network, preventing cens=
+orship and ensuring all transactions have a fair chance of confirmation.
+
+<p></p>
+
+-- <br />
+You received this message because you are subscribed to the Google Groups &=
+quot;Bitcoin Development Mailing List&quot; group.<br />
+To unsubscribe from this group and stop receiving emails from it, send an e=
+mail to <a href=3D"mailto:bitcoindev+unsubscribe@googlegroups.com">bitcoind=
+ev+unsubscribe@googlegroups.com</a>.<br />
+To view this discussion visit <a href=3D"https://groups.google.com/d/msgid/=
+bitcoindev/fa4a8cd3-778c-4793-8dd4-5662475b6601n%40googlegroups.com?utm_med=
+ium=3Demail&utm_source=3Dfooter">https://groups.google.com/d/msgid/bitcoind=
+ev/fa4a8cd3-778c-4793-8dd4-5662475b6601n%40googlegroups.com</a>.<br />
+
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