Bitcoin Wallet Armory Opposes Hard Forks, Supports SegWit
Armory has thrown is support behind Segregated Witness (SegWit) as a way to address the bitcoin network scalability challenge, the wallet noted on a Github post. The Armory opposes hard forks that can attack the original bitcoin blockchain. Armory would consider supporting a long-lasting fork that does not attack the original chain and allow its users to transact on that chain if necessary. Depending on the extent of the changes, Armory could deploy the change completely and implement a migration tool to another wallet supporting the change. It could also choose not to support the fork.....
Related News
Ethereum co-founder Vitalik Buterin has summarized the implications of soft and hard forks amid growing tensions surrounding Bitcoin’s future. “...There is an essential difference between hard forks and soft forks: hard forks are opt-in, whereas soft forks allow users no “opting” at all,” he wrote earlier this week. The Bitcoin price was under downward pressure Friday as the community awaits Chinese regulatory announcements and indecisiveness over SegWit and Bitcoin Unlimited continues. After Unlimited succumbed to a bug earlier in the week, rhetoric between the opposing sides became even....
Most major Bitcoin wallet service providers, exchanges and startups have either planned Segregated Witness (SegWit) support or are SegWit support ready. The Bitcoin Core development team recently updated its list of 73 Bitcoin startups that have announced their plans to support SegWit. Amongst the list was popular Bitcoin wallet service providers Blockchain.info, AirBitz, Armory, BreadWallet, Trezor, Samourai Wallet, Ledger hardware wallet, Electrum, GreenAddress, KeepKey and Mycelium. Various mining pools including Slush, Bitfury, BTCC, CGMiner and CKPool signalled SegWit support, as well....
Hard forks are a rather contentious issue in Bitcoin. The controversy surrounding hard forks can be seen most prominently in the context of Bitcoin XT 's implementation of BIP 101. While there have been successful Bitcoin hard forks in the past, the problem with hard forks of the Bitcoin blockchain is that they're, well, hard. Any change to the Bitcoin protocol that requires a hard fork essentially requires near-complete consensus to avoid a potential blockchain split. For example, there are many individuals in the Bitcoin development community who do not believe that BIP 101's use of a 75....
Bitcoin Core, an “open source software project that is a direct descendant of the original Bitcoin implementation”, released a statement late last week on its website. The main focus was how Bitcoin consensus rules were changed, which is typically through soft forks and hard forks. Hard forks and soft forks do virtually the same thing, so Bitcoin Core argues that soft forks are to be preferred as they do not cause the amount of harm on the Bitcoin network as a hard fork can potentially do since users can choose to upgrade to new features when they want to, or remain or the current Bitcoin....
Armory Technologies Inc. will be changing leadership soon. This announcement was made on the bitcointalk.org forum today by Armory CEO Alan Reiner. Armory Technologies, founded in 2011 by Reiner, Developed the Armory wallet, an open-source bitcoin wallet with security features like multisig and cold storage very early in Bitcoin’s development. Other security implementations like PGP signing of their packages instead of using the less secure md5 hash system made Armory one of the most secure open-source bitcoin wallets available. Failure of their enterprise offerings has brought the company....