Bitcoin Explained - The Technical Side of Bitcoin

Episode 87: The Block 1,983,702 Problem

Dec 21, 2023
Aaron and Sjors discuss the 'block 1,983,702 problem' in the Bitcoin protocol and its potential for loss of funds and consensus failures. They explain how BIP 30 and BIP 34 solved this problem but introduced a new issue for the future. They explore solutions such as segment commitment and propose SegWit as the most reasonable solution for empty blocks in Bitcoin mining.
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1
Introduction
00:00 • 2min
2
The 1,983,702 Problem in Bitcoin
01:46 • 11min
3
Consensus Failure and the Introduction of BIP-30
13:11 • 2min
4
BIP-30 and BIP-34: Ensuring Unique Coinbase Transactions in Bitcoin
15:10 • 11min
5
Checking for bit 30 in the Bitcoin network
26:05 • 6min
6
Possible Solutions to the Conundrum and Making Segment Mandatory
32:32 • 2min
7
Solutions and Considerations for Proposing an Answer in Bitcoin Mining
34:11 • 5min