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From: =?UTF-8?Q?Emin_G=C3=BCn_Sirer?= <el33th4x0r@gmail.com>
Date: Wed, 14 Oct 2015 14:02:15 -0400
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Cc: Ittay Eyal <ittay.eyal@cornell.edu>
Subject: [bitcoin-dev] Bitcoin-NG whitepaper.
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Hi everyone,
We just released the whitepaper describing Bitcoin-NG, a new technique for
addressing some of the scalability challenges faced by Bitcoin.
Surprisingly, Bitcoin-NG can simultaneously increase throughput while
reducing latency, and do so without impacting Bitcoin's open architecture
or changing its trust model. This post illustrates the core technique:
http://hackingdistributed.com/2015/10/14/bitcoin-ng/
while the whitepaper has all the nitty gritty details:
http://arxiv.org/abs/1510.02037
Fitting NG on top of the current Bitcoin blockchain is future work that we
think is quite possible. NG is compatible with both Bitcoin as is, as well
as Blockstream-like sidechains, and we currently are not planning to
compete commercially with either technology -- we see NG as being
complementary to both efforts. This is pure science, published and shared
with the community to advance the state of blockchains and to help them
reach throughputs and latencies required of cutting edge fintech
applications. Perhaps it can be adopted, or perhaps it can provide the
spark of inspiration for someone else to come up with even better solutions=
.
We would be delighted to hear your feedback.
- Ittay Eyal and E. G=C3=BCn Sirer.
--001a11c1705afef3590522145d48
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<div dir=3D"ltr">Hi everyone,<div><br></div><div>We just released the white=
paper describing Bitcoin-NG, a new technique for addressing some of the sca=
lability challenges faced by Bitcoin. Surprisingly, Bitcoin-NG can simultan=
eously increase throughput while reducing latency, and do so without impact=
ing Bitcoin's open architecture or changing its trust model. This post =
illustrates the core technique:</div><div>=C2=A0 =C2=A0 =C2=A0<a href=3D"ht=
tp://hackingdistributed.com/2015/10/14/bitcoin-ng/">http://hackingdistribut=
ed.com/2015/10/14/bitcoin-ng/</a></div><div>while the whitepaper has all th=
e nitty gritty details:</div><div>=C2=A0 =C2=A0 =C2=A0<a href=3D"http://arx=
iv.org/abs/1510.02037">http://arxiv.org/abs/1510.02037</a></div><div><br></=
div><div>Fitting NG on top of the current Bitcoin blockchain is future work=
that we think is quite possible. NG is compatible with both Bitcoin as is,=
as well as Blockstream-like sidechains, and we currently are not planning =
to compete commercially with either technology -- we see NG as being comple=
mentary to both efforts. This is pure science, published and shared with th=
e community to advance the state of blockchains and to help them reach thro=
ughputs and latencies required of cutting edge fintech applications. Perhap=
s it can be adopted, or perhaps it can provide the spark of inspiration for=
someone else to come up with even better solutions.</div><div><br></div><d=
iv>We would be delighted to hear your feedback.=C2=A0</div><div>- Ittay Eya=
l and E. G=C3=BCn Sirer.</div><div><br></div></div>
--001a11c1705afef3590522145d48--
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