As Block Size Debate Flares, Bitcoin Scaling Solution Enters Next Testing Phase
As attacks against the group intensify, the volunteer community that develops the code for bitcoin's open-source software has entered a new phase of testing for Segregated Witness, its proposed scaling solution. The merge, which took place last weekend, comes nearly seven months after the proposal was by Pieter Wuille, co-founder of bitcoin startup Blockstream and a major contributor to the Bitcoin Core open-source development community, during the Scaling Bitcoin conference in Hong Kong. Since then, the upgrade, commonly known as SegWit, has seen broad testing by both the Core community....
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As much as most people would like to think otherwise, the Bitcoin block size debate is far from over. Various new proposals have been suggested in the past, and another interesting concept was posted on Reddit earlier today. According to this user, a small block size increase should be done first, followed by the integration of Segregated Witness. Addressing the key issue as soon as possible should be the top priority for all Bitcoin developers. Based on the findings of the Reddit in question, Segregated Witness should not be the first and foremost solution to settling the Bitcoin block....
Chinese miners would not need to worry about explosive block size growth either, as the maximum rate of growth is capped at twice the previous size. There will be no jumps from 1MB blocks to 2MB blocks and then suddenly increasing to 8 MB. This should give the local Internet infrastructure enough time to ramp up the overall network speed and [try to] get rid of data caps. For those people looking to see the Bitcoin block size debate coming to an end, that will not be happening anytime soon, unfortunately. Things have gotten more interesting a few weeks ago when rumours....
Call it bitcoin's broken record. First heating up in 2015, a debate about how best to scale the digital currency's underlying blockchain remains the dominating disagreement. Despite the best efforts of developers to bring what they say is more nuance to the discussion, a single metric remains the biggest sticking point. One year later, some miners are again calling for measures that would raise the bitcoin block size in an effort to support more transactions and (they say) grow its user base. Likewise, the developers behind Bitcoin Core (its primary software) remain focused on increasing....
During the Scaling Bitcoin workshop held in Montreal a few weeks back, some suggestions to increase the block size limit from the current 1MB to 2-4MB were raised. Participants seemed to focus on Adam Back's 2-4-8 block size increase proposal, although notable developers appeared to support a smaller short-term bump in limits. Some discussions on the bitcoin-dev mailing list apparently revealed that some core developers are interested in a short-term fix. Scaling Bitcoin and Block Size Debate. Prior to this workshop, bitcoin developers and members of the community have been debating on....
Bitcoin Core’s innovative solution designed to scale the Bitcoin network by moving witness data outside the traditional block structure is finally approaching its release. The Bitcoin Core team announced on Twitter that the Segregated Witness release is on its “final countdown,” with various tests and necessary information in place to upgrade the Bitcoin network. Segregated Witness is a sophisticated scaling technology designed to provide two major benefits to Bitcoin miners, users, and businesses: elimination of malleability and capacity increase. Initially, the Segwit proposal was....