Good morning Helder,
> I’m trying to understand the process of signalling and activation of updates
> in bitcoin. Following BIP34, BIP9, I got into BIP8.
> In my understanding of what I read there, an update will be activated even if
> the threshold of 95% signalling is not reached in STARTED state, as soon as
> blockchain height is equal or higher than timeout_height.
> Is my understanding correct? If so, isn’t it a risk to activate a change even
> if you don’t have the majority of hash power accepting it?
Assuming the update is widespread among economic actors, only miners who do not
follow the more stringent rules of the update will suffer, as their blocks will
have a high probability of not following those rules and thus will be
implicitly rejected by economic actors. Rational miners who follow the update,
no matter how small their hash power share, would prefer the chain that
economic actors will accept as real and would build only on blocks that follow
updated rules strictly.
Indeed, the time from STARTED to ACTIVE simply serves to let miners upgrade
their software, as a concession that in the real world we cannot safely deploy
new software in a single day.
bitcoin-dev mailing list