Genesis upgrade

Genesis is a major update to the BitcoinSV mining client which is used by the majority of miners on the BitcoinSV network.

The upgrade is seen as a return to the original Bitcoin protocol, and includes the removal of all limit based consensus rules, and their replacement with miner configurable settings that give node operators the autonomy needed to set their own limits as they determine are practical.

The full specification is available here. A short summary of the specification is given here.

Genesis is scheduled to go into effect on or around the 4th of February 2019.

See also:

https://bitcoinsv.io/2020/01/15/changes-for-the-genesis-upgrade/

https://www.prnewswire.com/news-releases/bitcoin-svs-genesis-hard-fork-300989579.html

The four following areas of the protocol and specification contain the changes implemented by the Genesis upgrade

Block Consensus Rules

       * Block Size - The size of a block in bytes of the serialized form of the block including the block header and all of the transactions confirmed by the block.

       * Number of CheckSig Operations per MB of Block Space

Transaction Consensus Rules

       * Maximum Transaction Size - The size of a transaction is the size in bytes of the serialized form of the transaction. The maximum size of a transaction is 1GB (1,000,000,000 bytes). This limitation is expected to be lifted in the future.

       * Maximum Number of CheckSig Operations per Transaction

       * nLockTime

       * nSequence

Script Language Rules

       * P2SH sunset - The P2SH capability is being removed by the Genesis upgrade and the presence of a p2sh script template in an output will invalidate a transction.

       * OP_RETURN functionality - the functionality of the OP_RETURN operation is being restored. OP_RETURN will cause termination of the script and the validity of the script is determined by the value of the top item on the stack.

Standard Local Policies

Standard Local Transaction Policies

       * Maximum Acceptable Transaction Size Policy

* Transaction Evaluation Timeout Standard Local Script Language Policies

Standard Local P2P Network Policies