Description
FIBRE, or Fast Internet Bitcoin Relay Engine, is a pivotal project designed to significantly enhance the speed and reliability of block propagation across the Bitcoin network. It achieves this through an ultra-fast network of relay nodes utilizing Compact Blocks to decrease the data required for block transmission, thus ensuring minimal latency. This improvement is essential for keeping miners and nodes around the world closely synchronized, maintaining the network's security and efficiency despite increasing block sizes. FIBRE's importance lies in its ability to prevent consensus-splitting events by enabling real-time, high-speed data transmission, bolstering the blockchain's scalability and reliability. Its development and implementation are informed by extensive experience and study of the Bitcoin Relay Network, ensuring its effectiveness even in less-than-ideal internet conditions, reinforcing Bitcoin's decentralization, and promoting the network's ongoing health and robustness.
FIBRE, or Fast Internet Bitcoin Relay Engine, is a pivotal project designed to significantly enhance the speed and reliability of block propagation across the Bitcoin network. It achieves this through an ultra-fast network of relay nodes utilizing Compact Blocks to decrease the data required for block transmission, thus ensuring minimal latency. This improvement is essential for keeping miners and nodes around the world closely synchronized, maintaining the network's security and efficiency despite increasing block sizes. FIBRE's importance lies in its ability to prevent consensus-splitting events by enabling real-time, high-speed data transmission, bolstering the blockchain's scalability and reliability. Its development and implementation are informed by extensive experience and study of the Bitcoin Relay Network, ensuring its effectiveness even in less-than-ideal internet conditions, reinforcing Bitcoin's decentralization, and promoting the network's ongoing health and robustness.
