Blockstream & Core Developers’ BIP Identity Crisis
A decision on the part of Core developers to use the same BIP ID number for their “compact blocks” proposal as its counterpart, “Xthin,” has ignited a controversy as some are now questioning the competency of Core developers. Xthin & Compact Blocks, One BIP. There has been an ongoing debate among the Bitcoin community regarding the decision of Core....
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Blockstream has hired online security pioneer Christopher Allen as its standards and identity practice specialist, a role that will find him taking the lead on the company’s work with the open-source Hyperledger blockchain project, among other efforts. The venture-backed startup, best known as a provider of enterprise tools focused on the bitcoin blockchain, was among 10 new firms to join Hyperledger last week, a move that followed more informal work with its members to discern its technical vision. Blockstream is notably one of the largest contributors of funding for Bitcoin Core, the....
Identity is one use case of the blockchain that has many people excited. For the first time, an individual has the potential to create a true, immutable identity distributed across an entire network. As Consensus 2016 wrapped up earlier this week, a group of thought-leaders who have been working in the identity space for decades presented their beliefs on what to consider when building an identity system using blockchain. Christopher Allen, the principal architect at bitcoin sidechain firm Blockstream, echoed the sentiment of other panelists about the duality of identity on the blockchain.....
In June, Bitcoin Magazine reported that Blockstream launched Sidechain Elements, a sidechain development framework with open source code, including an experimental sidechain for developers dubbed Elements Alpha. Now, in the first technical post to appear on the Blockstream blog after the announcement of Sidechain Elements, Blockstream and Bitcoin Core developer Pieter Wuille proposes the intriguing concept of Tree Signatures, an efficient multisig method with enhanced privacy. Blockstream was formed by renowned cryptography experts, including some Bitcoin Core developers, to accelerate....
Former Bitcoin Core developer and current R3 employee, Mike Hearn, has claimed that Blockstream – a blockchain-based startup comprised by a group of Bitcoin core developers is the source of the refusal behind Bitcoin’s block size increase. He also cites that Bitcoin’s “leader” is Blockstream co-founder and CTO, Gregory Maxwelll. In a post made on a public forum today, Hearn directly asserts that Blockstream co-founder and CTO Gregory Maxwell – also a Bitcoin Core developer – is the reason for the refusal to “bump” Bitcoin’s block size. Beyond the revelation, Hearn directly calls Maxwell a....
Luke-jr, developer of the Bitcoin Core client and Blockstream contractor, has recommended in a developers’ mailing list Bitcoin Improvement Proposal announcement an instant 70% reduction of bitcoin’s transaction capacity to 300kb, followed by a yearly increase of around 17%, reaching the current transaction capacity of 1MB in 2024. Thereafter, it is intended to continue increasing by 17%, reaching a maximum capacity of 31MB in around half a century. The proposal to reduce transaction capacity that Luke-jr says he can “immediately recommend… for adoption,” is made no more than two days....