Roger Ver Bets Against SegWit Bitcoin Upgrade at Anarchapulco
The beach-side city of Acapulco recently played host a bitcoin scaling debate, which saw personally-charged moments amidst the discussion. These days, whenever there is a bitcoin conference, there will inevitably be a scaling debate. Cryptopulco, the cryptocurrency-themed gathering located at the Mundo Imperial conference center in Acapulco, Mexico and hosted on the fourth day of the anarcho-capitalistic themed Anarchapulco conference, was no exception. At the event, speakers and panelists evangelized the use of digital currency as a means for self-sovereignty and a solution to monetary....
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Overall, the Bitcoin community seems happy about this development, even though it is not exactly news. An exciting development has taken place in the world of Bitcoin and cryptocurrency. ViaBTC and Roger Ver have seemingly indicated they are not interested in blocking SegWit. This news came as quite a surprise, as the majority of Bitcoiners seemed to think otherwise. This does not mean SegWit will suddenly get activated on the network overnight either, though. To put this “news” into perspective, neither ViaBTC nor Roger Ver has any interest in blocking SegWit. In fact, they made that....
The latest debate on Bitcoin scalability had Roger Ver and others arguing about whether SegWit is the right approach to expanding and scaling Bitcoin network. What’s the future of Bitcoin? That’s the question on top of the Bitcoin community members’ minds, especially with the whole scalability discussion still going on. One of the scalability solutions presented by the Bitcoin Core is SegWit. The Segregated Witness soft fork is expected to enable Lightning Network, which is already being worked upon by few developer groups. While some believe that SegWit and Lightning Network will ensure....
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. ...
Wang Chun, F2Pool’s co-founder, told CCN that he is planning to upgrade his Litecoin pool to segregated witnesses (segwit), but “it won’t happen in the next couple of weeks.” He further told CCN that his bitcoin pool, which currently controls around 14% of the network’s hashrate, won’t upgrade to segwit “anytime soon.” Chun stated: We’ll do it on Litecoin first and then make an evaluation if it is feasible on bitcoin. Litecoin’s F2Pool currently controls around 43% of the network’s hashrate. Batpool and Litecoinpool.org are both already signaling for segwit. Combined, around 60% of the....
Contrary to most claims, Segregated Witness (Segwit) doesn’t necessarily require users to manually upgrade their systems or wallets in order to receive Segwit transactions. The activation of Segwit does provide notable changes to the layer one of the bitcoin network and as a result, wallet platforms will be required to alter their applications pertaining to the changes made by Segwit to the bitcoin protocol. For users of major bitcoin wallet platforms which already are Segwit-ready such as Blockchain, Coinbase, Copay, Ledger and Keepkey, upon the activation of Segwit, they will be able to....