Explainer: What Is SegWit2x and What Does It Mean for Bitcoin?
As two proposals for boosting bitcoin's transaction capacity approach key deadlines, one proposal, known as SegWit2x, has perhaps garnered the most attention. The plan, first proposed in May, quickly won favor among many of bitcoin's startups and mining pools. Yet, it has also emerged as contentious in some quarters, owing to its specific goals and technical construction. But, what's at the heart of the arguments for and against? First, SegWit2x seeks to upgrade bitcoin in two ways: It would enact the long-proposed code optimization Segregated Witness (SegWit), which alters how some data....
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A number of Bitcoin companies and miners have agreed to run code that will implement a hard-forking increase to the non-witness data in blocks roughly three months after the activation of Segregated Witness (SegWit). According to some of its proponents, the proposal, known as SegWit2x, is said to be the only viable solution to the Bitcoin scaling debate. However, agreeing to initiate a hard fork without knowing how speculators will react to such a change comes with risks. If there is not full support for the hard fork from bitcoin holders, the end result could be a split of Bitcoin into....
Yesterday, the testnet for the most recent Bitcoin scaling proposal, Segwit2x, experienced a fork in the chain, causing the creation of new blocks to halt completely for just around twenty hours. What is Segwit2x? The controversial change to the protocol calls for activation of segregated witness with signaling from 80% of the hash rate with a hardfork to raise the blocksize parameter to 2 MB scheduled for three months after activation. This compromise comes after over a year of infighting over different scaling solutions and has the backing of many of the industry’s top organizations. A....
Many have tried to explain bitcoin, some with more success than others. Creating a short and snappy video that makes bitcoin accessible to a general audience, while simultaneously doing justice to the complex ideas behind its technology is a big ask. Anyone who tries should be applauded. However, while some have clearly done a very good job, others haven't quite cracked it. Below, Kadhim Shubber takes a look at some of the best (and worst) bitcoin explainer videos out there. You can let us know which is your favourite by voting at the bottom of the article - or suggesting your own in the....
HashCash founder and Bitcoin pioneer Adam Back along with others have praised entrepreneur Andreas Antonopoulos for his explanation of the benefits of Segregated Witness (SegWit) technology. Back: Antonopoulos ‘Best I’ve Seen’ On SegWit. Antonopoulos, known for his advocacy of the tool as a solution to Bitcoin’s blockchain capacity issue, released the explainer in a Medium post back in August. Last week on Twitter, he reiterated support for Segregated Witness for the reasons he originally highlighted. Back, who is also the inventor of HashCash–a system that helped pave the way for....
The Shiba Inu cryptocurrency stands out as a vibrant and intriguing player. Rising from the quirky world of internet memes, Shiba Inu coin has pawed its way to prominence in the crypto market. This article will serve as an essential explainer, guiding you through the SHIB ecosystem, analyzing price dynamics, and offering insights into Shiba Inu price prediction trends. Introduction To Shiba Inu (Cryptocurrency) Here’s what you can expect: What Is Shiba Inu: Here, we’ll uncover the genesis of Shiba Inu coin, explore the unique culture that surrounds the cryptocurrency Shiba Inu, and....