Battle Brews Over BIP300: Bitcoin Soft Fork Wants To Kill Altcoins
In the Bitcoin space, a new battle is brewing over a proposal which is igniting passionate debates. Bitcoin Improvement Proposal 300 (BIP300) and its accompanying BIP301 introduce a paradigm-shifting concept known as “Drivechain.” This proposal, which carries the potential to redefine the future of BTC and its relationship with altcoins, has sparked fervent discussions among experts […]
Related News
SegregatedWitness (SegWit) — the proposed upgrade to the Bitcoin protocol developed by the Bitcoin Core developers — is still far from activation. Requiring 95 percent of hash power to signal support for the solution, miner-adoption has seemingly stagnated at around 25 percent for now. But, of course, SegWit’s open source code is out there. As such, altcoins based on Bitcoin’s codebase can take the code and implement the solution. Indeed, at least two altcoins are adopting SegWit: Litecoin and Viacoin. And it looks as if SegWit may activate on one of these altcoins before it’s live on the....
The Ethereum community has a lot to decide lately as the network has been preparing for an upcoming soft fork expected to start roughly around June 30. According to Etherchain.org pools who have implemented the soft fork are showing consensus for the procedure. With the Ethereum community planning on the next step another revelation from Hacking, Distributed shows the soft fork may be vulnerable to DoSing. Is a Blacklisting Soft Fork a Good Idea? Some Say No. In an editorial written by Tjaden Hess and additional research done by River Keefer, and Emin Gün Sirer the Hacking, Distributed....
With $250 million on the line, Ethereum is moving at lightspeed as the latest unsybilable miner voting shows they almost unanimously back the fork, with more than 90% in favor. Gavin Wood, founder of Ethcore, the company that develops Parity, one of Ethereum’s clients, confirmed the soft-fork has been merged stating: “[T]he development branch of the Parity codebase now includes some functionality to allow miners to block certain transactions.” The softfork is still waiting to be merged in Go, the Ethereum client used by most users. Jeffrey Wilcke, an ethereum founder and lead developer of....
The DAO debacle continues, after the miner community voted in favor of a protocol soft fork, a new vulnerability introduced by the update has caused the support to the fork to be withdrawn. Geth's 1.4.8 version could allow an attacker to SPAM and effectively freeze the whole Ethereum network. The Ethereum Foundation has introduced a new Geth client version (1.4.9) that rolls back the changes made in the previous soft-fork-enabled software. A security alert was issued by Ethereum Foundation. In the announcement, the developer Felix Lange explained: An attack vector has been identified in....
In a recent blog post, Peter Todd, one of the more active bitcoin developers, raised the prospects of an amicable end to the so-called “civil war”. Setting out a condition, Todd states: “If major industry players were willing to commit to layer 2 solutions, I’d be willing to support something like a forced soft fork, and I’d be willing to support a coin voting hard fork even if they didn’t.” A forced-soft-fork is similar to an ordinary soft fork, but unupgraded clients won’t be able to spend their funds until they upgrade. However, in an email response, Todd states:....