Segwit Moves Closer to Full Proposal for Bitcoin as Accusations of Politicking Flare
Segregated Witness (Segwit), proposed as a solution to bitcoin’s block size debate, is 99% a full proposal, a development that hasn’t occurred without some controversy. Many expect Segwit to increase the volume of transactions without altering the block size. The change will ultimately be triggered with a soft fork, in which the majority of the nodes have to update to make the change compatible with older software versions. The method by which the proposal has been advanced has been called political by some, including Vitalik Buterin, co-founder of Ethereum. Segwit’s Benefits. Unlike other....
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Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit. As the debate surrounding bitcoin’s block size continues, many are moving in various directions supporting the one they believe holds the answer to bitcoin’s future scaling. Recently, Bitcoin Unlimited (BU), had around 40 percent support despite reports saying that BU is controversial, splitting the community in two with those for and against it. A few weeks ago, though, an alias named Shaolin Fry introduced the idea of SegWit UASF, which would....
SegWit is short for Segregated Witness. It was perhaps the biggest Bitcoin protocol upgrade to date, which wrapped several improvements and fixes into one. Further Reading: What Is Bitcoin? What Are the Benefits of SegWit?As probably its most notable fix, SegWit got rid of transaction malleability. ...
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