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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>
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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.
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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>
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