Bitcoinj Maintainer Andreas Schildbach: Segregated Witness worth the Effort
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 – waslaunched 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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Andreas Schildbach, one of the developers of the popular Bitcoin Wallet app for Android and maintainer of alternative Bitcoin implementation Bitcoinj , calls for a block-size increase to allow for more Bitcoin transactions. Rather than relying on additional layers built on top of the blockchain, Schildbach believes the network should be designed to scale “on-chain”, too. “I personally will not invest my time in lightning networks, at least not for solving the Bitcoin scalability issue,” Schildbach told Bitcoin Magazine . The block-size dispute – which represents a trade-off between....
The long-lasting block-size dispute has catapulted into the center of attention again. One of the most talked about developments right now is Segregated Witness, of which a public testnet iteration waslaunched last week. The innovation as recently proposed by Blockstream co-founder and Bitcoin Core developer Dr. Pieter Wuille is a centerpiece of a scalability “roadmap” set out by Bitcoin Core. But relying on Segregated Witness as the next step of Bitcoin’s scalability process is contended by recently launched Bitcoin Core fork Bitcoin Classic. Rather than a Segregated Witness soft fork,....
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....
Segregated Witness might be the most significant improvement to the Bitcoin protocol to date. The innovation is set to fix transaction malleability, offers an effective block size increase, enables development flexibility and more. After months of coding, Segregated Witness is getting close to rollout, as a pull request was submitted to Bitcoin Core earlier this week. How close to roll-out exactly? As with any change to the Bitcoin protocol, that is hard to predict. A Segregated Witness timeline ... Each improvement to the Bitcoin protocol starts with an idea. The Segregated Witness idea....
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.