Bitcoin Wallet Developers Prepare for Segregated Witness
Bitcoin Core 0.13.1 was released last week, which means miner signaling on the proposed Segregated Witness (SegWit) soft fork will start soon. If activated, SegWit offers a number of benefits, one of which is an effective block size limit increase to about 1.6 to 2 megabytes, depending on the types of transactions included in blocks. If and when....
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As developers prepare for the launch of Segregated Witness, a proposed scaling method for the bitcoin network, one startup based in the US has purchased an entire firm to help it prepare for the change. Hardware wallet firm KeepKey announced today that it has acquired MultiBit, a desktop-based bitcoin wallet program. According to KeepKey founder and CEO Darin Stanchfield, the purchase was aimed at positioning the firm for both the launch of Segregated Witness, known commonly as SegWit, as well as other improvements to the bitcoin network. He told CoinDesk: "All the new plans for the....
Although Segregated Witness (SegWit) has near-universal support from the Bitcoin development community, there are some who say the changes required by individual wallet providers may be a bit too much to handle. But on a recent episode of Epicenter Bitcoin, Bitcoin Core Contributor and Ciphrex CEO Eric Lombrozo indicated that the complexities involved with these required changes have been overblown. While making his case for Segregated Witness, Lombrozo noted the Bitcoin wallet developers he’s worked with have been able to implement this change in a matter of days. Lombrozo was asked how....
The ongoing block size dispute has catapulted to the center of attention again. One of the most talked about developments right now is Segregated Witness, of which a public testnet iteration was launched 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 opposed by the recently launched Bitcoin Core fork Bitcoin Classic. Rather than a Segregated Witness soft fork,....
In the midst of a heated debate over block size and Bitcoin’s future, Bitcoin Core developers Dr. Pieter Wuille, Eric Lombrozo and Johnson Lau have launched a third iteration of the Segregated Witness “testnet.” Dubbed SegNet, the latest version of the Bitcoin test network includes several improvements over its predecessors, and is available to anyone who wants to try it or experiment. SegNet, like the previous versions, is essentially a clone of Bitcoin, specifically intended as a demo version. But while the two earlier SegNets were open only to developers working on the project, now....
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,....