HASHOV Target: a critical misconception in the Bitcoin ecosystem
Bitcoiners has been trusting two basic rules for more than ten years to secure their decentralized network: block time and hash goal. However, a more detailed review of these principles reveals a potential failure that may endanger the integrity of the blockchain.
Bitcoine of white paper explicitly states that the hash block should start with a few zeros. In addition, this number of zero is adjusted every two weeks during the Hash new block process and compares its result with the number of. This raises an important question: Why is the hash target numbers corrected as 2 powers?
Righting problem 2
Currently, the Hash Bitcoin target numbers are monitored by a pattern in which they increase each time the block is extracted. However, this does not coincide with the basic requirement that the initial number of zero is adjusted every two weeks. In other words, why cannot be repaired by Hashha’s destination as forces 2, for example, 1, 3, 9 or 25? In doing so, we would ensure that the block times remain constant and the safety of the network will be maintained.
The consequences of a solid Hash’s goal
If the bitcoainers followed the traditional way of increasing hash target numbers in any extraction of a new block, this would have significant consequences for blockchain. For example::
- Inconsistent blocks times: A solid hash goal can lead to inconsistent blocking times, as different miners can work with different hash target values.
- Increased safety risks
: With greater variability in block times and possible irregularities, network safety can be compromised.
3
Reduced consensus potential : If several miners use different HASH target values, there is a better chance of consensus in the interruption network.
Conclusion
Although Bitcoin’s white paper describes the specific requirements for block times and the aim of hash, it does not address the basic question of fixed hash target numbers as 2 powers.
A new approach should be taken into account to maintain the stability and reliability of bitcoins: the hash goal that pursues an predictable standard, such as an increase in one two weeks or the use of a specific force of 2 (eg 1, 3 or 9). This would ensure consistency in block times, reduced safety risks and consensus increased throughout the network.
What does this mean for the future of bitcoins?
The consequences of this problem are long down. If the aim of the solid Hasha is adopted, this may lead to increased control of regulators, financial institutions and other stakeholders that depend on safe decentralized networks.
As the cryptocurrency scenario is constantly evolving, developers and enthusiasts must be vigilant in solving these basic problems. The next step for the Bitcoiner is likely to be examining alternative approaches, which prefer consistency, safety and stability.
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