delvingbitcoin
Fastest-possible PoW via Simple DAG
Posted on: January 2, 2025 19:16 UTC
The discussion focuses on a specific strategy in managing Bitcoin orphan rates, contrasting with an approach described by @sipa.
The primary deviation lies in the targeted outcome; instead of aiming for a small percentage of orphans as suggested by @sipa, the current strategy seeks to influence the Bitcoin network by targeting a specific number of parent blocks (1.44). This tactic is aimed at affecting a 44% portion of blocks that would otherwise be orphaned, based on the premise that Bitcoin’s orphan rate stands at approximately 0.04%. This rate aligns with the theoretical expectation derived from the equation e^(-latency/600), which estimates the likelihood of a block becoming orphaned in relation to network latency.