Tag: soft fork

Jul 22 2022

Softchains Bring Two-Way Pegs And Potential Room For Use Cases — But Not Without Security Costs

Softchains are a sidechain implementation that interact on a deeper level with consensus mechanisms, which can bring benefits and risks.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech- oriented Bitcoin podcast host.In this next piece looking at different sidechain implementation designs, we're going to go through...

May 31 2022

Bitcoin Developers Have Technical Expertise That Users Don’t

Bitcoin is defined by its users, but how many node operators understand and verify protocol changes on a nuanced and deeply technical level?This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.Bitcoin is ultimately defined by its users, by the people actually running nodes and enforcing the protocol rules to...

May 03 2022

Soft Fork vs Hard Fork: What Are the Differences?

. When dealing with decentralized technology, there is often much more than meets the eye. Peeling back the layers of blockchain technology exposes the dense underlayers of the blockchain and crypt...

Apr 07 2022

Are There Downsides To Bitcoin Soft Fork Upgrades?

A panel held at Bitcoin 2022 set out to explore the benefits and tradeoffs of activating a Bitcoin soft fork.Despite being known as a protocol that is slow to change, Bitcoin does have its own way to add new functionalities to the network. Soft forks, a type of upgrade that ensures those who don’t use the new software can still participate in...

Feb 26 2022

Should The Bitcoin Taproot Soft Fork Be Buried In The Code Base?

Bitcoin Core developers are considering “burying” the Taproot soft fork, to help developers when reviewing the code, but it could have unintended consequences.Watch This Episode on YouTube...

Jan 24 2022

Explaining CheckTemplateVerify, Bitcoin’s Latest Controversial Soft Fork Proposal

CheckTemplateVerify (CTV) is meant to enable more flexibility on the network, but its potential activation is a topic of debate among developers.CheckTemplateVerify (CTV) is a soft fork proposal for Bitcoin specified in the Bitcoin Improvement Proposal (BIP) 119. It aims to enable new use cases for the network by adding more complex types...

Nov 11 2021

Taproot Is Coming To Bitcoin: How It Works, Its History And Implications

Nov 11 2021 Published at Bitcoin Magazine under tags  explainer mast schnorr soft fork taproot

Taproot and Schnorr signatures are going live at block 709,632. Here’s what you need to know about what this means for Bitcoin.Taproot and Schnorr signatures are going live on Bitcoin at block 709,632. This is going to be a massive foundational achievement to continue building on into the future. It’s been four years since Segregated Witness went live on the network, our...

Nov 09 2021

Why You Should Care About Taproot, The Next Major Bitcoin Upgrade

By making transactions cheaper, more efficient and more private, Taproot sets the stage for extra functionality on the Bitcoin network.Much has been written about Bitcoin’s Taproot upgrade, and plenty of resources exist to explain its technical concepts. However, in the author's opinion, a more comprehensive...

Mar 12 2021

Discussing Taproot Activation Through Speedy Trial

This episode of "The Van Wirdum Sjorsnado" is about Speedy Trial, the proposed Taproot activation mechanism that has been gaining traction in recent weeks.Watch This Episode On YouTubeListen To...

Feb 26 2021

Taproot Activation And LOT=True Vs. LOT=False

On this episode of "The Van Wirdum Sjorsnado," the hosts discussed the lock-in on timeout (LOT) parameter for potential Taproot activation....

Feb 24 2021

LOT=true Or LOT=false? This Is The Last Hurdle Before Taproot Activation

Feb 24 2021 Published at Bitcoin Magazine under tags  lot soft fork taproot technical

The discussion on Taproot activation appears to have reached its final stage, with the remaining decision revolving around the activation parameter LOT. The code for Taproot, a proposed Bitcoin protocol upgrade for compact and...

LOT=true Or LOT=false? This Is The Last Hurdle Before Taproot Activation

Feb 24 2021 Published at Bitcoin Magazine under tags  lot soft fork taproot technical

The debate around LOT=true and LOT=false remains the final hurdle in Taproot activation. So, what’s the difference and why is it important?11 years ago, Bitcoin was etched into...

Feb 23 2021

Taproot Activation And The LOT Debate

You’ve probably already heard about Taproot, the new proposed soft-fork upgrade for Bitcoin, which will introduce a new signing algorithm and an enhanced, more private and flexible scripting mechanism. Now, while Taproot has been discussed for a long time, and its code has already been...

Taproot Activation And The LOT Debate

The process chosen for activating Taproot is detailed in BIP 8, and it includes a debated option called “lockinontimeout” (LOT).As Taproot, the latest consensus protocol change, approaches activation,...

Feb 17 2021

Bitcoin Taproot Upgrade Nailed Down for July, but Some Finer Details Still Aren’t Finalized

The finalized code for Taproot will be shipped in March, but will it house the “user activated soft fork” feature that threatened to activate SegWit?

Dec 04 2020

The Battle For P2SH: The Untold Story Of The First Bitcoin War

“Push the date back two months. OP_EVAL just is not ready yet.” It was the verdict Gavin Andresen had worked so long to avoid. With a single rebuke sent from Russell O’Connor’s keyboard, a months-long effort to upgrade Bitcoin — the first in the wake of founder Satoshi Nakamoto’s exit — was abruptly stalled ahead of implementation. As revealed by O’Connor, the proposed command —...

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