Why is increasing block size in the Bitcoin network considered to decrease security?
up vote
4
down vote
favorite
I have been doing some research on the Bitcoin Cash hard fork and the main contention of increasing the block size appears to be the possibility of less security on the network. How does an increased block size result in a less secure network?
security block
asked Dec 6 at 10:11
CipherLee
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
up vote
4
down vote
favorite
I have been doing some research on the Bitcoin Cash hard fork and the main contention of increasing the block size appears to be the possibility of less security on the network. How does an increased block size result in a less secure network?
security block
asked Dec 6 at 10:11
CipherLee
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
up vote
4
down vote
favorite
up vote
4
down vote
favorite
I have been doing some research on the Bitcoin Cash hard fork and the main contention of increasing the block size appears to be the possibility of less security on the network. How does an increased block size result in a less secure network?
security block
asked Dec 6 at 10:11
CipherLee
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
I have been doing some research on the Bitcoin Cash hard fork and the main contention of increasing the block size appears to be the possibility of less security on the network. How does an increased block size result in a less secure network?
security block
security block
asked Dec 6 at 10:11
CipherLee
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Dec 6 at 10:11
CipherLee
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Dec 6 at 10:11
CipherLee
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked Dec 6 at 10:11
CipherLee
263
asked Dec 6 at 10:11
CipherLee
263
263
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
CipherLee is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
up vote
11
down vote
Generally speaking, a larger block leads to more computational resources (tx validation, bandwidth, storage, memory) required for each person who wishes to validate newly confirmed transactions.
Higher validation cost lead end-users to rely on/trust
centralised services to "validate" their transactions.Larger blocks require more time to propagate in the network,
increasing pooling pressures for more centralized mining-pools.
The lower the validation cost, the more we can push validation to the edge (end-user) of the network, the more decentralisation we can achieve. Decentralisation is ultimately the source of security, as it is harder for an external force to attack.
answered Dec 6 at 11:09
James C.
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
2
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
3
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
1
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
|
show 1 more comment
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "308"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
convertImagesToLinks: false,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: null,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
CipherLee is a new contributor. Be nice, and check out our Code of Conduct.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fbitcoin.stackexchange.com%2fquestions%2f81698%2fwhy-is-increasing-block-size-in-the-bitcoin-network-considered-to-decrease-secur%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
11
down vote
Generally speaking, a larger block leads to more computational resources (tx validation, bandwidth, storage, memory) required for each person who wishes to validate newly confirmed transactions.
Higher validation cost lead end-users to rely on/trust
centralised services to "validate" their transactions.Larger blocks require more time to propagate in the network,
increasing pooling pressures for more centralized mining-pools.
The lower the validation cost, the more we can push validation to the edge (end-user) of the network, the more decentralisation we can achieve. Decentralisation is ultimately the source of security, as it is harder for an external force to attack.
answered Dec 6 at 11:09
James C.
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
2
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
3
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
1
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
|
show 1 more comment
up vote
11
down vote
Generally speaking, a larger block leads to more computational resources (tx validation, bandwidth, storage, memory) required for each person who wishes to validate newly confirmed transactions.
Higher validation cost lead end-users to rely on/trust
centralised services to "validate" their transactions.Larger blocks require more time to propagate in the network,
increasing pooling pressures for more centralized mining-pools.
The lower the validation cost, the more we can push validation to the edge (end-user) of the network, the more decentralisation we can achieve. Decentralisation is ultimately the source of security, as it is harder for an external force to attack.
answered Dec 6 at 11:09
James C.
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
2
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
3
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
1
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
|
show 1 more comment
up vote
11
down vote
up vote
11
down vote
Generally speaking, a larger block leads to more computational resources (tx validation, bandwidth, storage, memory) required for each person who wishes to validate newly confirmed transactions.
Higher validation cost lead end-users to rely on/trust
centralised services to "validate" their transactions.Larger blocks require more time to propagate in the network,
increasing pooling pressures for more centralized mining-pools.
The lower the validation cost, the more we can push validation to the edge (end-user) of the network, the more decentralisation we can achieve. Decentralisation is ultimately the source of security, as it is harder for an external force to attack.
answered Dec 6 at 11:09
James C.
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Generally speaking, a larger block leads to more computational resources (tx validation, bandwidth, storage, memory) required for each person who wishes to validate newly confirmed transactions.
Higher validation cost lead end-users to rely on/trust
centralised services to "validate" their transactions.Larger blocks require more time to propagate in the network,
increasing pooling pressures for more centralized mining-pools.
The lower the validation cost, the more we can push validation to the edge (end-user) of the network, the more decentralisation we can achieve. Decentralisation is ultimately the source of security, as it is harder for an external force to attack.
answered Dec 6 at 11:09
James C.
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
edited Dec 6 at 13:04
answered Dec 6 at 11:09
James C.
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
answered Dec 6 at 11:09
James C.
66110
answered Dec 6 at 11:09
James C.
66110
66110
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
James C. is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
2
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
3
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
1
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
|
show 1 more comment
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
2
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
3
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
1
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
Also, off-chain transactions can be made for much cheaper without sacrificing security. No need to store the history of daily coffee purchases of everybody on all Bitcoin nodes in the network.
– JBaczuk
Dec 6 at 18:56
2
2
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Well - there is a security sacrifice to be 100% fair. There is no insurance against failing to respond to a cheating counter-party in payment channels. The required vigilance is an additional risk that a confirmed transaction does not have.
– James C.
Dec 6 at 19:00
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
Can you explain in more detail? Also, even a confirmed transaction still has the small risk of a reorg. There are even users who choose to accept transactions before they have one confirmation (cringe).
– JBaczuk
Dec 6 at 19:12
3
3
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
That is true. A user can choose how much security he requires from a confirmed transaction before accepting it. Yet a commitment tx, even though it is valid, has not even been confirmed, which is why I mean it has less security. So a lightning payment (a new commitment tx) cannot have the same security as a confirmed tx with a confirmation depth. The entire payment channel capacity amount is in fact still “pending” confirmation.
– James C.
Dec 6 at 19:17
1
1
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
Right, thanks. It's important that it remain easy to broadcast the state of the channel at any time.
– JBaczuk
Dec 6 at 19:20
|
show 1 more comment
CipherLee is a new contributor. Be nice, and check out our Code of Conduct.
CipherLee is a new contributor. Be nice, and check out our Code of Conduct.
CipherLee is a new contributor. Be nice, and check out our Code of Conduct.
CipherLee is a new contributor. Be nice, and check out our Code of Conduct.
Thanks for contributing an answer to Bitcoin Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Some of your past answers have not been well-received, and you're in danger of being blocked from answering.
Please pay close attention to the following guidance:
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fbitcoin.stackexchange.com%2fquestions%2f81698%2fwhy-is-increasing-block-size-in-the-bitcoin-network-considered-to-decrease-secur%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
