Wednesday, 5 December 2018

Encoding Adjustment Algorithm - A Market Driven Script Scaling Solution

https://medium.com/coinmonks/encoding-adjustment-algorithm-a-market-driven-script-scaling-solution-54960fe24f2c

Some of the benefits include:

  • Can be made incredibly fast, imposing negligible overhead to the CPU while removing network/storage overheads.
  • Autonomous - based on entropy rather than political agenda.
  • Need not (and should not) be implemented at the base protocol, rather right at the edges of the node software. It is entirely opt-in.
  • It can easily be made SPV compatible.
  • It is not necessarily antithetical to developer governance rather supplementary.
  • It can be used to supplement pricing heuristics.
  • Speaks to the fidelity problem - if a company wants to build and build big the network will learn to accommodate for it.

Very basic model:

http://35.243.167.78/

(If it goes down it's because my server has caught on fire - it'll be up again soon)

submitted by /u/0hlb
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source https://www.reddit.com/r/btc/comments/a3b0nr/encoding_adjustment_algorithm_a_market_driven/

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