Still No Bitcoin Scaling Solution as April Ends Without SegWit
The roadmap for Bitcoin’s future is again uncertain, as April passed without a usable release of Segregated Witness (SegWit) — a proposed solution to the block size issue. An article titled ‘Bitcoin Roundtable Consensus’ was published on February 21, 2016 and signed by a number of key players in Bitcoin development, mining, and the wider industry. It....
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Litecoin seems to be on the path towards adopting Segwit, the proposed soft fork (and malleability solution) by the Bitcoin core development team. But there seems to be confusion among users about what exactly the soft fork is. Since Litecoin is based on the Bitcoin codebase, it also has the choice to adopt Segwit, and founder Charlie Lee believes this....
The code for a long-in-development bitcoin scaling solution could be ready for activation as soon as 15th November. The new software – version 0.13.1 – will include more code for Segregated Witness (SegWit), enabling users (and, perhaps most notably, miners) to begin the upgrade process. The launch will kick off a process by which the extended stakeholders in the distributed network will be asked to signal whether they support SegWit. The news comes from an update on a mailing list for developers working on bitcoin's primary software, Bitcoin Core. There, developer Pieter Wuille posted new....
Coinbase CEO Brian Armstrong is the latest cryptocurrency industry figure to lend support to Segregated Witness, hereinafter SegWit, technology as Bitcoin’s future. In a tweet Thursday, Armstrong stated he thought the technology, which has traditionally struggled to find wider community support, can “help the industry move forward.” Litecoin on board. The comments were made in response to a similar call from Litecoin creator Charlie Lee. Lee described SegWit as “maybe not the full scaling solution you want” but nonetheless doing “a ton of cool stuff.” The scaling debate in Bitcoin circles....
An update to the bitcoin software that features code that could potentially activate a long-anticipated scaling solution has been released. Issued on Thursday and dedicated solely to code called Segregated Witness (SegWit), version 0.13.1 allows miners to signal support for the scaling solution after 15th November. If activated, the code also instructs nodes on how to validate the new type of transactions that will result from the patch. (SegWit boosts the bitcoin block size by a factor of about 1.8x by moving transaction signatures to another data structure). But there are still a series....
The world’s most popular non-custodial bitcoin wallet platform with over 11 million wallets created to date is officially Segregated Witness (Segwit) ready. Blockchain, also known as Blockchain.info, has been officially updated from “planned” to “[Segwit] ready” on the Segwit Adoption list maintained the Bitcoin Core development team. Most major bitcoin exchanges and mining pools including Bitfinex and Bitfury have already listed themselves as Segwit ready, showing their support towards Segwit as both a scaling solution and a transaction malleability elimination method which ultimately....