Summary
This draft BIP proposes reducing the maximum block size from 4MB (weight) to 2MB (weight) to mitigate transaction spam and blockchain bloat.
Motivation
This proposal aims to:
- Limit blockchain growth rate
- Reduce resource requirements for running full nodes
- Prioritize financial transactions over data storage use cases
- Improve network decentralization
Status
This is an early draft seeking community feedback. As per BIP-02, this should be discussed on the Bitcoin development mailing list before formal consideration.
Important Notes
- This is a hard fork proposal requiring overwhelming economic consensus
- Reduces maximum block weight from 4,000,000 to 2,000,000
- Requires extensive community discussion before any deployment consideration
- May be controversial and requires careful consideration of tradeoffs
Next Steps
- Community review and feedback
- Discussion on bitcoin-dev mailing list
- Refinement based on technical and economic analysis
- Further development if there is interest
Please note: This is submitted as a draft to initiate discussion. The author understands that significant community consensus building would be required before any such change could be considered for activation.