RE: UTXO Size vs Efficiency for upcoming Constant Block Rewards

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UTXO Size vs Efficiency for upcoming Constant Block Rewards

in gridcoin •  6 years ago 

Could you explain a little bit more what is wrong with having 10,000 GRC in 10,000 different UTXOs of 1 GRC each?

gridcoin
6 years ago by

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      ·  6 years ago (edited)

    A) It is wholly unnecessary. The smallest UTXO you will ever need is 800, and that is with a difficulty of 1.
    B) Sending 10,000 GRC to 10,000 UTXO addresses will take you ages, congest the network, and cost you a small fortune in transaction fees.
    C) Your wallet has to iterate over every UTXO every 8 seconds when staking. Depending on your hardware (such as if you were running a raspberry pi or other low power device) you may not be able to "check" all your UTXOs in time for each block, causing you to miss stakes.

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        ·  6 years ago 

      @barton26 is absolutely right!

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          ·  6 years ago 

        How would we know if we were being affected by the problem described in C?

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            ·  6 years ago 

          Unless you've done something silly like manually create thousands of UTXOs, that would never realistically occur. Through testing on my RPI3 I know that <500 UTXOs you see no issues at all.

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              ·  6 years ago 

            Will anyone explain whether the chances to stake are exactly the same with 10K grx in 10K UTXO rather than having 1 single 10K UTXO?
            Somehow, it looks like probability is not a "linear" addition of each UTXO...

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