Bitcoin Developers Meet in Zürich for High-Stakes Code Review
A group of contributors to the open-source Bitcoin Core development project met late last month in Switzerland for a sit-down review of the code for Segregated Witness, a proposal aimed at scaling the bitcoin network. The gathering in Zürich drew about 20 Core developers, and comes at a time when there remains deep divisions in the community over the actions of the group, as well as its approach to scaling the bitcoin network. In this light, the meeting in Zürich had a certain gravity, given that the work being performed will have major implications for the bitcoin network’s trajectory in....
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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....
Bitcoin’s best-known proposed code change isn’t the only one that matters. The last couple of minor bitcoin code versions saw the gradual release of SegWit, an upgrade that has occupied the community’s attention as of late. The code change could have a beneficial impact in many ways and by most accounts, but because of reservations expressed by miners and other stakeholders, it's unclear if and when it will activate. Despite the standstill, developers are quietly improving bitcoin in other ways. The upcoming release – version 0.14.0 – is composed of performance boosts and....
Fidelity expects more sovereign nation states, or even a central bank, to acquire bitcoin this year. “There is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers,” the firm explained.
Fidelity’s Crypto Predictions
Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report on crypto trends and their potential future impact earlier this month. Among the trends discussed in the report is the adoption of....
KeyCoin, for those unaware, is a hybrid PoW/PoS running on the X13 algorithm. It has a total of 1 million coins in the PoW phase, which has already ended, and a 20% PoS interest yearly. Now, what makes KeyCoin unique is the anonymous system to be implemented including Tor nodes. Not much information has been given by the KeyCoin developers as it seems they wanted to keep it a secret for most time. However, as distrust is built, they were able to get Dan Metclaf to review the code for their anonymous implementation. Dan currently works in XCurrency which, as KeyCoin, tries to bring privacy....
Back in November, the Bitcoin Foundation announced that it would solely focus on Bitcoin core development. They also mentioned “two critical, long-standing, unmet needs,” which included “somebody dedicated to ongoing security review of changes to the core code,” said the announcement. “We (the Foundation) hope to announce a new hire to fill this role very soon.” Now they have found the person for this position in the form of Sergio Demian Lerner. The official announcement reads: “As Core Security Auditor, Sergio will be dedicated to the ongoing security review of changes to the core code.....