Expensive Bitcoin Stack Change Neighborhood,

I’m reaching out to share an answer I’ve developed to deal with the anticipated 2106 overflow difficulty. After a major improvement interval, I imagine the answer is prepared for a neighborhood assessment.

Beneath, one can find an summary summarizing the important thing points of this proposal, which is titled “BitBlend:A Non-Disruptive Resolution to the Bitcoin 2106 Timestamp Overflow.” The summary goals to supply a concise overview of the answer’s strategy and targets. For a extra detailed understanding, I’ve additionally included a hyperlink to the complete white paper hosted on GitHub.

Summary:

The Bitcoin community faces a major technical problem because it approaches the 12 months 2106, when the 32-bit subject for block timestamps will attain its most worth. This paper introduces “BitBlend,” an answer designed to deal with this impending overflow with out necessitating a coordinated exhausting fork or consensus change. Much like the thought by Pieter Wuille [2], BitBlend proposes a novel reinterpretation of the present 32-bit time subject, extending its performance by representing solely the final 32 bits of the complete timestamp. The answer incorporates an modern overflow detection and correction methodology, named the BitBlend process, which seamlessly integrates into the present system. Key to BitBlend is sustaining the unique 32-bit format for exterior communication whereas using a 64-bit inner illustration for block occasions. This twin strategy ensures backward compatibility and community continuity, permitting nodes to steadily undertake the replace with out synchronization. Moreover, BitBlend addresses the implications for time locks, advocating for the pure expiration of absolute time locks post-2106 and the continued use of block top and relative time locks. ​​This resolution prioritizes minimal alterations to Bitcoin’s core elements, striving to protect its foundational ideas whereas guaranteeing its longevity and performance. The paper seeks suggestions from the Bitcoin improvement neighborhood on the feasibility and potential integration of the BitBlend resolution into the Bitcoin protocol.

Hyperlink to Full White Paper:
https://bitblend2106.github.io/bitcoin/BitBlend2106.pdf

I’d enormously respect any considerate opinions, feedback, or ideas you’ll have concerning the BitBlend resolution.

Thanks to your time and consideration. I stay up for your useful enter.