Developer: Bitcoin will not require hardforce to scale the network
Source:
The scalability of Bitcoin is possible without holding hardforce — it will be enough softforyou. This was stated by co-founder of Blockstream and well-known developer Marc Friedenbach.
As a tool for soft scale network Friedenbach at the conference Scaling Bitcoin suggested to use a solution called Forward Blocks. The development will significantly increase the network capacity by alternating algorithms for Proof-of-Work (PoW).
How to safely scale the Bitcoin network
According to Friedenbach tool to increase the volume of transactions in 3584 times compared to current figures. Also, it will improve the stability of Bitcoin to censorship, which can be applied by means of sharding.
The Businessman added that the striping PoW algorithms will strengthen the consensus rules. To process transactions can both new and old nodes.
In his speech, Friedenbach emphasized the role of protection sharding to increase the capacity of Bitcoin for resistance to censorship. He added that he learned the term from the sphere database — it has nothing to do with the world of cryptocurrencies, in particular, to Ethereum.
image Source — Twitter.
In the world of Ethereum sharding is the tool proposed in April 2018, the co-founder Vitalik Butterini to scale the network coins. The idea was to split the load when a transaction is processed on multiple computers.
Informed that the share SegWit transactions for the first time in the history of the use of the Protocol in the Bitcoin network has exceeded 50 percent. The Protocol allows to reduce the cost of operations and increase their speed. During the day, a number of made with the help of transaction has increased from 45 to 54 percent.
We hope that the proposed mark Friedenbach method will be working. In this case, the degree of tension in the community due to possible hardforce will be much lower.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Going home: two criminals extradited from the Philippines for fraud with Bitcoin
Two swindlers Asian nationalities will soon be deported from the Philippines in their home countries. The Prosecutor's office of China and South Korea want to get back their citizens and punish them to the fullest extent of the la...
Venezuela will issue passports for the Petro. But is there a coin?
the Citizens of Venezuela will now have to pay the state fee for the issuance or re-issuance of passports in the national bitcoin El Petro. The first service will cost 2 coins ($115), the second one (57.5 per dollar). The amount i...
Livecoin hacked? Users complain of problems with access to the exchange
Today the participants of the English-speaking chat pool complained of problems with access to cryptocurrency exchange Livecoin. When trying to download a website a sign announces a planned update, on which programmers work "in th...
Charlie Lee: Lightning Network fully corresponds to the original idea of Satoshi Nakamoto
yesterday in a series of tweets Charlie Lee explained the difference between transactions of Bitcoin and Litecoin. Mini-lecture the Creator of Litecoin took place almost immediately after the debate Whether and Roger's Faith in Tw...
The number of empty blocks in the network Ethereum increased by 637 percent before hardforum
In the last three months the number of miners empty blocks of Ethereum has increased dramatically. It happened after the developers announced the exact date for the hard forks . According to the senior scientific employee of the ...
In the cryptocurrency market has many successful projects — among them Bitmain, Circle and many others. But there are bad examples. It seems that soon their ranks will include Dan Morgado Fund Pantera Capital Management, the asset...
Will increase if the volatility of Bitcoin? The answer of experts
the Volatility of Bitcoin at the lowest level in the last 17 months. The reason — the lack of important news and low trading volumes. Some investors even believe that this evidence «formation» of the stock market. Howeve...
$ 2,000 for nine months. Three dollar Monero from analysts
Altcoins focused on privacy, has gained immense popularity not only among the scams, but also among ordinary traders. That is why recently on Tradingview there are many interesting predictions of the price movement . The three mos...
Summing up: what happened this week for Ethereum?
the Price of Ethereum still konsolidiruyutsya trading in tandem with the dollar. However, while there is still a chance for a small correction to the level of 214 dollars. the Overall situation looks like this: the the asset trad...
Today remembered the fight, McGregor and Nurmagomedov and the fight after it. The week before was no less exciting. Russian miners learned of a possible increase of tariffs for electricity and taxation. Other market participants u...
Summing up: what happened this week on Bitcoin?
Bitcoin is trading above $ 6,400 local in a symmetrical triangle. To sharp price jump cryptocurrency remains very little time. the Overall situation looks like this: the the generated a strong area of support at the level of 6400...
Analyst: Bitcoin is close to the bottom, will soon begin to rise
throughout 2018 analysts many times said that it has reached its bottom. However, the expert of company Capital Blockchain Spencer Bogart believes that the first cryptocurrency only now coming closer to a good minimum, which in th...
The wind of change: 5 new trends on the stock market
Kriptonyte overcame many obstacles and went through countless tests. 2018 has not turned out as rosy as expected. However, in recent years the stock market has allocated five interesting trends. the Domination Asian China and othe...
More: how zcash for can help to expand the capacity of Ethereum
In September Vitalik Buterin that the Ethereum network that can be scaled up to 500 transactions per second. This will help the technology of ZK-SNARKS, which is used in zcash for. this week, researchers Barry Withat, Alex Gluchow...
Analyze charts: when you start to grow EOS, Litecoin, Stellar, Tron and Cardano?
the stock market is under accumulation, so that investors happy even a few percent of the profits. Yesterday the most successful investment among altcoins became Cardano, coin rose 1.5 percent for the day. Analysis of trading five...
In Australia the scammers stole 50 thousand dollars through a fake Bitcoin ATM
Scammers in the field of cryptocurrencies, perhaps even more creative than the developers of the coins. They come up with many ways to steal money outstanding on the market — and often they do it. For example, in Australia, the at...
First blood: large-scale Bitcoin bug caused the theft of 235 million coins PGN
Pigeoncoin (PGN) is a small coin, which is traded on two little-known cryptocurrency exchanges. Finally she became famous in the crypto community. Recently, developers have reported the elimination of a bug CVE-2018-1744, however,...
The Creator of Bitcoin was found: in Kiev, the VR-monument Satoshi Nakamoto
Satoshi Nakamoto exists and he is now in Kiev. However, so far only in virtual reality. VR-version of the monument to the Creator of Bitcoin yesterday at the site of the monument of Vladimir Lenin, which was destroyed in 2013. The...
Comments (0)
This article has no comment, be the first!