Bitcoin’s very public scaling debate is entering a crucial phase. Two of the most popular scaling proposals available today — BIP148 and SegWit2x — both intend to trigger Segregated Witness (“SegWit”) activation within a month, which means that the protocol upgrade could be live within two.
At the same time, there is a very real risk that Bitcoin “splits.” Both BIP148 and SegWit2x could diverge from the current Bitcoin protocol, which could in turn lead to even more splits.
Here is a list of dates for July, August and beyond to keep an eye on.
Researchers at the University of Sydney (USYD) are building a new blockchain technology, dubbed Red Belly Blockchain, that they believe has the potential to revolutionise the global economy.
Named after one of Australia's most deadly snakes, the new system being developed by the university's School of Information Technologies is expected to allow secure and almost instantaneous digital transfer of virtual currencies across the world, touted as faster than the systems in place by the likes of card giant Visa.
A recent post of Jonald Fyookball claimed to give mathematical proof that a lightning network (LN) cannot be large and still decentralized.
I decided to take up this challenge. In order to emphasize that the LN can be decentralized…
If you ask anyone in the Bitcoin space what the biggest challenge for Bitcoin is, you will likely hear the answer “scalability”.
To explain you what Schnorr signatures are and how they can help solve scalability, I’ll first give you a brief recap of why scalability needs to be solved at all and what is being done about it right now.