Tag: segwit

Aug 01 2022

Bitcoin Songsheet: Fiat Politics Suck

The Blocksize Wars were an example of Bitcoin resisting the fiat politics played on every level of society.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience....

The Blocksize War’s Cyber-Soldier Freedom-Fighters

The block size wars were “fought” … but by whom? And what do we really mean by fighting?This is an opinion editorial by Tomer Strolight, editor-in-chief of Swan Bitcoin and author of “Why Bitcoin.”Part 1: IntroductionWords. How do you describe with words the things that we don’t have words for? Words describe things we’re familiar with. But we’ve never seen...

Jul 29 2022

Bitcoin Independence Day: Luke Dashjr On The Lessons From SegWit That We’re Forgetting

Five years since the first Bitcoin Independence Day, have we forgotten how Bitcoin survived its most existential threat to date?In a year that has been marked by pontification on what it means to be a “Bitcoin maximalist,” the...

May 16 2022

How Bitcoin Should Be Upgraded In The Future

The history of Bitcoin upgrade activation mechanisms informs an opinion on how to make protocol changes in the future.One of the most contentious questions in Bitcoin over the last five years has been how to activate soft forks. There have been many different mechanisms used in the history of Bitcoin to activate new features on the...

Feb 05 2022

Only 6 of 18 exchanges have fully adopted Bitcoin SegWit update

Segregated Witness, or SegWit for short, is a Bitcoin protocol extension that was activated on the network in August 2017. The primary reason for introducing SegWit is to increase the scalability of the Bitcoin blockchain. Before SegWit was activated, the Bitcoin network often ran into congestion issues due to users filling up the one-megabyte block size of Bitcoin blocks. To...

Dec 10 2021

How Taproot Brings Major Benefits To Bitcoin Hardware Wallets

While we’ve explored Taproot before, here we pay particular attention to how the upgrade will impact hardware wallets.Taproot recently activated on Bitcoin’s mainnet. The inclusion in Bitcoin’s protocol, however, is only the first step in actually reaping the benefits of Bitcoin’s latest upgrade. “It's been a long story that started in a diner in Los Altos, CA where Greg...

Dec 07 2021

Upgrading The Behemoth That Is The Bitcoin Blockchain

Bitcoin has undergone many improvements over the years — and not without its share of controversy.The BehemothThe Behemoth, a primeval, "unconquerable beast" in the biblical book of Job. Though largely considered a myth, this beast was said to be over 300 feet in height and weighed over 80,000 metric tons. As is to be expected of such a ginormous creature, its...

Nov 14 2021

Taproot Goes Live, Here’s All You Need To Know About Bitcoin’s Network Upgrade

The Bitcoin network has finally come with its new and highly anticipated protocol, Taproot. Going live on Sunday, this is Bitcoin’s first major upgrade since SegWit back in 2017. Taproot Comes With Great New Features According to reports, the Taproot upgrade has been a long time coming — about seven years precisely but was kick-started again The post Taproot Goes Live, Here's All...

Mar 19 2021

Discussing The Benefits Of Segregated Witness

In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed Segregated Witness.Watch This Episode On YouTubeListen To This Episode:...

Jan 07 2021

Bitcoin Magazine’s Guide To Exchange Scaling Support

Bitcoin exchanges are the single most popular method for acquiring BTC, offering marketplaces where users can transfer fiat or digital currencies for sats. For more information on bitcoin exchanges, visit our guide. But not all exchanges are created equal — some are decentralized, some adhere to strict KYC/AML requirements and some protect...

Dec 18 2020

Binance CEO Hints to Add SegWit Support Soon

Binance, one of the leading crypto exchanges in terms of spot volumes and slowly crawling its way in the futures market is known for offering a wide range of trading services and features to its user base. Now...

Aug 06 2020

Celebrating The History And Spirit Of Bitcoin Independence Day

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! In my view, Bitcoin Independence Day is a holiday that says a lot about the BTC community. Its origins are highly technical and difficult to understand, the “independence” it...

Jul 20 2020

BIP 8, BIP 9 or Modern Soft Fork Activation: How Bitcoin Could Upgrade Next

Taproot, a proposed protocol upgrade that would improve Bitcoin’s privacy and flexibility, is in its late stages of development. Bitcoin Core contributors agree that the upgrade would benefit Bitcoin, and so far it generally appears to be welcomed by the wider Bitcoin ecosystem as well. It's therefore likely that Taproot will make its way into a Bitcoin...

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