PIP: 5
Title: Stablised difficulty algorithm
Type: Protocol
Impact: Hard-Fork
Author: Albert Molina <bpascalblockchain@gmail.com>
Comments-URI: N/A
Status: Active
Created: 2017-04-01
***PIP Editor Note:** This PIP was created retrospectively based of the [Whitepaper V2][1] on 2017-08-15.**
## Summary
A new difficulty adjustment algorithm is proposed to stablise sinusoidal volatility resulting from chaotic hashpower fluctuations.
## Motivation
Due to the volatile nature of cryptocurrency valuations, miners will tend to migrate en masse based on profitability of coins. As miners migrate, blocktimes are temporarily affected as time is needed for difficulty adjustments. Cloud-mining has exacerbated this issue. Resolving this issue will result in more stable blocktime and more reliable daily supply.
## Specification
An enhanced the difficulty calculation algorithm to to better adjust
for sinusoidal volatility is proposed as follows.
```pascal
function TPCSafeBox.GetActualTargetHash(UseProtocolV2 : Boolean): TRawBytes;
{ Target is calculated in each block with avg obtained in previous
CT_CalcNewDifficulty blocks.
If Block is lower than CT_CalcNewDifficulty then is calculated
with all previous blocks.
}
Var ts1, ts2, tsTeorical, tsReal, tsTeoricalStop, tsRealStop: Int64;
CalcBack : Integer;
lastBlock : TOperationBlock;
begin
if (BlocksCount <= 1) then begin
// Important: CT_MinCompactTarget is applied for blocks 0 until ((CT_CalcNewDifficulty*2)-1)
Result := TPascalCoinProtocol.TargetFromCompact(CT_MinCompactTarget);
end else begin
if BlocksCount > CT_CalcNewTargetBlocksAverage then CalcBack := CT_CalcNewTargetBlocksAverage
else CalcBack := BlocksCount-1;
lastBlock := Block(BlocksCount-1).blockchainInfo;
// Calc new target!
ts1 := lastBlock.timestamp;
ts2 := Block(BlocksCount-CalcBack-1).blockchainInfo.timestamp;
tsTeorical := (CalcBack * CT_NewLineSecondsAvg);
tsReal := (ts1 - ts2);
If (Not UseProtocolV2) then begin
Result := TPascalCoinProtocol.GetNewTarget(tsTeorical, tsReal,TPascalCoinProtocol.TargetFromCompact(lastBlock.compact_target));
end else begin
CalcBack := CalcBack DIV CT_CalcNewTargetLimitChange_SPLIT;
If CalcBack=0 then CalcBack := 1;
ts2 := Block(BlocksCount-CalcBack-1).blockchainInfo.timestamp;
tsTeoricalStop := (CalcBack * CT_NewLineSecondsAvg);
tsRealStop := (ts1 - ts2);
{ Protocol 2 change:
Only will increase/decrease Target if (CT_CalcNewTargetBlocksAverage DIV 10) needs to increase/decrease too, othewise use
current Target.
This will prevent sinusoidal movement and provide more stable hashrate, computing always time from CT_CalcNewTargetBlocksAverage }
If ((tsTeorical>tsReal) and (tsTeoricalStop>tsRealStop))
Or
((tsTeorical