Redesigning Bitcoin

Welcome to Bitslog.

When I first read Bitcoin paper I rushed to analyze its source code.  I got fascinated for its simplicity. But also I found many things for improvement, both in the economic, cryptographic and protocol related areas. I found that Bitcoin performance could be boosted 10x with little protocol changes.  I can also be redesigned to withstand 1000 tps (transactions per second) with today’s home PC technology but sacrificing more anonymity. I realized that changing Bitcoin as it is now, with the difficulty of a massive upgrade, would be very hard. A system designed from scratch would be a lot easier to deploy. The purpose of this blog is twofold: provide clues for Bitcoin improvement and build the infrastructure for a new (better) digital peer-to-peer coin. I believe in a future where multiple crypto-currencies live together as an ecosystem.

I hope you enjoy redesigning Bitcoin as I do.

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  1. #1 by cunicula on April 9, 2012 - 5:44 pm

    Hi, I would love to provide some input. I’m an academic economist with my own ideas for improving bitcoin. Discussion with a programming expert could be very fruitful. Speeding up txns sounds like a great improvement.

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