NBitcoin's Nicolas Dorier: Segregated Witness Fastest Way to Bump Block Size
The long-lasting block size dispute has catapulted into the center of attention again. One of the most talked about developments is Segregated Witness, of which a public testnet iteration – SegNet – was launched in January. The innovation as recently proposed by Blockstream co-founder and Bitcoin Core developer Dr. Pieter Wuille is a centerpiece of a....
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Nicolas Dorier is the main developer behind NBitcoin, which is a comprehensive Bitcoin library for the .NET framework. NBitcoin is used in the backend of multiple Bitcoin services such as Lykke, BitKong, Teambrella and BTCTrader. Recently, Dorier has been working on various projects intended to assist developers who wish to implement the upcoming Segregated Witness (SegWit) improvement in their own wallets, exchanges and other Bitcoin-related services. Dorier, who is also a Bitcoin Core contributor, updated his book on Bitcoin programming to show people how to use SegWit in NBitcoin and....
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....
If one proposal excited attendees at the recent Scaling Bitcoin workshop in Hong Kong, Bitcoin Core and Blockstream developer Dr. Pieter Wuille's Segregated Witness was it. Praised by many within the technical community, Segregated Witness is expected to improve Bitcoin's performance in a number of ways, while some even hope it might be the scaling solution that helps bring some peace back to the Bitcoin community. The first and second partsof our three-part Segregated Witness series covered how it works and what it does. In this final part we explore what it means for the block-size dispute.
If one proposal excited attendees at the recent Scaling Bitcoin workshop in Hong Kong, Bitcoin Core and Blockstream developer Dr. Pieter Wuille's Segregated Witness was it. Praised by many within the technical community, Segregated Witness is expected to improve Bitcoin's performance in a number of ways, while some even hope it might be the scaling solution that helps bring some peace back to the Bitcoin community. The first part of our three-part Segregated Witness series covered how it works. In this second part: What it does. Increasing the Effective Block Size Without Increasing the....
Segregated Witness, the proposal put forth by Blockstream developer Dr. Pieter Wuille, has been trumpeted as a block size scaling solution that gets around the difficult scenarios associated with increasing the block size utilizing a hard fork. But the problem is that, while Segregated Witness does provide benefit to the code, it misses one of the fundamental problems bitcoin has been experiencing: there are no true, long-term solutions on how to scale Bitcoin for mass-adoption. Instead, the focus has been on developing solutions on top of bitcoin. Further, the stigma associated with a....