Saturday, June 22, 2024

safety – Are SPV and fraud proofs a viable possibility for scaling Bitcoin?

I am conscious that this is likely to be borderline taboo to debate due to its potential implications (uncapped block dimension) however, in an try and put apart the ego stuff from the block dimension wars, I might like to listen to from individuals/devs with a deeper understanding of the Bitcoin system than I at the moment have whether or not it is technically possible to make use of SPV and fraud proofs to scale Bitcoin.

Having an uncapped provide of block area makes some sense to me from an financial standpoint (potential higher decentralization of miners and companies they would supply), to not point out it might be good if everyone may afford to self custody some bitcoin, but when it is merely not an actual possibility from a safety standpoint then I assume none of that basically issues.

Is it a mandatory facet for the safety of the system that everyone (or as many people as attainable) have the power to validate each transaction that is been and can be broadcasted? Is it not attainable to have people use SPV and merkle proofs to maintain monitor of their very own UTXOs solely and perhaps hold monitor of energetic chain ideas, counting on fraud proofs from miners who’re incentivized to keep up an trustworthy chain? May the system keep its safety if customers solely validated transactions related to them?

Excuse me if there’s some one thing apparent I am not seeing right here, simply kinda going off the highest of my head. I’d recognize a technical reply/dialogue or hyperlinks to the place I may learn a extra in-depth rationalization of the roadblocks to this scaling technique. Thanks!

Edit: Discovered an informative hyperlink from 2019 it appears, so is likely to be outdated?

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