Kotliar said that after a review of the network, he discovered that there is only one entity that sends SegWit transactions in the order of 50 thousand daily, and it is precisely Veriblock. In his tweet, Kotliar also points out that those responsible for this service "boast about it" in a statement published on Monday, September 16.
It turns out there’s only one entity that does on the order of 50k transactions per day. And brags about it.
That’s right, Veriblock: https://t.co/0pcpZB0UXO
– Sergej Kotliar (@ziggamon) September 17, 2019
In the aforementioned statement, VeriBlock announces that it has added SegWit support to its protocol and that now the participants of its network will be able to benefit from a 28.9% reduction in the cost of transactions. Recall that Veriblock is a sidechain (side chain) that offers a service that allows any blockchain to inherit Bitcoin security. To that end, Veriblock records its transactions in the Bitcoin blockchain, taking advantage of the processing power of this network.
"VeriBlock will actually take a larger portion of the real Bitcoin blockchain on the disk, and the same amount of 'weight' in block," says the statement, which also releases the alpha version of a miner based on its protocol. consensus PoP (Proof of Proof), enabled for SegWit.
Kotliar said that, in fact, the number of transactions bench32 (SegWit) increased between 100% and 200%, coinciding with the adoption of SegWit by Veriblock. In this regard, Bitcoin Core developer Luke Dashjr referred to the Veriblock service as spammers (accounts dedicated to sending junk mail) and He said they are abusing the "increase in block size" provided by the use of SegWit.
So it turns out (not so surprisingly) that spammers are abusing #Segwit‘S block size increase to gain an advantage over legit #Bitcoin users. 😥
Reducing the block size limit could rebalance this unfair advantage / bad incentive Segwit has created. https://t.co/p6nO4P0EW0
– Luke Dashjr (@LukeDashjr) September 17, 2019
"Reducing the block size limit could rebalance this unfair advantage / bad incentive that Segwit has created," Dashjr said in a tweet.
The publication generated several opinions against users who argue that Veriblock's activity is not at odds with the rules of the Bitcoin network. “If you pay the mining fee, you are a coin legitimate’ Bitcoin user. As simple as that, ”refuted a user identified as Max. However, Luke Dashjr said a block size 256 kB could "solve reasonably solve the problem of the SegWit incentive, which is around 500 kB."
Other users consider that the market will simply be in charge of solving the situation. "If your transactions are not valuable enough, they will not be able to compete for space.", said a tweet who identifies as Kosnakov. Cryptographer Adam Back, inventor of Hashcash, an ancestor of the Bitcoin Work Test, agreed with that statement.
It incentivises veriblock miners to compete with each other by making timestampint transactions in Bitcoin to claim a share of veriblock reward. So the lower veriblock price is or higher Bitcoin price is the less veriblock transactions there will be.
– Adam Back (@ adam3us) September 17, 2019
Encourage Veriblock miners to compete with each other when making timestamp transactions in Bitcoin to claim a portion of the Veriblock reward. Then, a lower Veriblock price or a higher bitcoin price will determine a smaller amount of Veriblock transactions.
Adam Back, Cryptographer.
In this sense, Back says that increases in the value of bitcoin will make space in the chain more expensive. If this fact is combined with low Veriblock prices, VBK mining, the token of the project could be discouraged, and its volume of transactions declined.
The discussion about whether the use of the term "spam" is valid in a public network is available to any participant who can pay the transaction processing fees.
Source link
https://www.criptonoticias.com/comunidad/adopcion/vinculo-record-transacciones-segwit-veriblock/
