Bitcoin Scaling Solution SegWit Gets Possible Release Date
The code for a long-in-development bitcoin scaling solution could be ready for activation as soon as 15th November. The new software – version 0.13.1 – will include more code for Segregated Witness (SegWit), enabling users (and, perhaps most notably, miners) to begin the upgrade process. The launch will kick off a process by which the extended stakeholders in the distributed network will be asked to signal whether they support SegWit. The news comes from an update on a mailing list for developers working on bitcoin's primary software, Bitcoin Core. There, developer Pieter Wuille posted new....
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As the final release date of Segregated Witness approaches, more Bitcoin platforms are preparing to support the innovative scaling solution from Bitcoin Core. Electrum, an open source Bitcoin wallet application launched in 2011, is officially introducing support for SegWit in its next release. Once SegWit is adopted by leading wallet applications such as Electrum, the Bitcoin network is presumed to experience an observable change in the average size of blocks, as a significant amount of transactional data is removed from the traditional block structure. Although SegWit creates a major....
Litecoin seems to be on the path towards adopting Segwit, the proposed soft fork (and malleability solution) by the Bitcoin core development team. But there seems to be confusion among users about what exactly the soft fork is. Since Litecoin is based on the Bitcoin codebase, it also has the choice to adopt Segwit, and founder Charlie Lee believes this....
The world’s most popular non-custodial bitcoin wallet platform with over 11 million wallets created to date is officially Segregated Witness (Segwit) ready. Blockchain, also known as Blockchain.info, has been officially updated from “planned” to “[Segwit] ready” on the Segwit Adoption list maintained the Bitcoin Core development team. Most major bitcoin exchanges and mining pools including Bitfinex and Bitfury have already listed themselves as Segwit ready, showing their support towards Segwit as both a scaling solution and a transaction malleability elimination method which ultimately....
Remember Windows Vista? The new Coke? An upgrade is not always a good thing until it is a good thing. Yet, without making changes and testing, things will never improve. Bitcoin Core is also going to be upgraded and hopefully things will be better for the cryptocurrency after it comes out. The new version is 0.13.0, and this release brings several new features, but the chief among them is Segregated Witness (Segwit) which is likely to solve some crucial issues which has plagued Bitcoin such as scalability and malleability. Doing more with less. Segwit is a proposed solution to the slowness....
The roadmap for Bitcoin’s future is again uncertain, as April passed without a usable release of Segregated Witness (SegWit) — a proposed solution to the block size issue. An article titled ‘Bitcoin Roundtable Consensus’ was published on February 21, 2016 and signed by a number of key players in Bitcoin development, mining, and the wider industry. It....