Tag: speedy trial

May 20 2022

What Is BIP 119 And Why Did It Fuel Such Heated Discussions In Bitcoin?

Explaining the controversy around Bitcoin’s BIP 119 (CTV) proposal and debunking some myths that in part fueled it.It’s been hard to ignore the discussion around CheckTemplateVerify (CTV) over the past few weeks as it has apparently been generating a divide in the Bitcoin community with developers, users and companies taking sides on whether the activation of the proposed upgrade would be a...

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...

May 09 2022

Analyzing BIP119 And The Controversy Surrounding It

The debate about BIP119 has two central issues being conflated: the proposal itself and the activation mechanisms that could be used to implement it.This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine.BIP119, or Check Template Verify (CTV),...

Apr 27 2022

Is Speedy Trial The Best Way To Change Bitcoin?

BIP119, which adds limited covenants to Bitcoin, is the current conversation and many people question if Speedy Trial for Taproot was a good precedent.The below is a direct excerpt of Marty's Bent Issue #1198: "OP_CTV and rough consensus" Sign...

Jun 18 2021

Discussing Taproot's Lock In

In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed the lock in of Bitcoin’s Taproot soft fork upgrade.Watch This Episode On YouTubeListen To This Episode:...

Jun 12 2021

Taproot Locks In: Bitcoin Protocol Upgrade Will Activate In November

Jun 12 2021 Published at Bitcoin Magazine under tags  speedy trial taproot technical

Taproot has locked in with the Bitcoin protocol upgrade now set to activate in November.Bitcoin is upgrading.Taproot, the Bitcoin protocol upgrade that makes smart contracts more private and compact, has locked in. As of just now, more than 90 percent of all blocks that will be mined in the current...

Taproot Soft fork Almost Locked In. What Does This Mean For Bitcoin?

By the time you read this, Bitcoin’s Taproot soft fork will be approved. The tendency is irreversible. The technical aspects are too complicated for most people. What you actually need to know is this: the modifications will improve the Bitcoin network’s performance, bring a little more privacy, and lighten some transaction’s data requirements. It will also provide the basis for smart contract deployment....

May 21 2021

95% Of Bitcoin Hash Rate “Potentially” Signaling For Taproot Activation

Taproot.watch has added a new feature showing that a vast majority of Bitcoin mining hash rate supports Taproot activation.Taproot.watch, the website built by Hampus Sjöberg for people to follow along Bitcoin soft fork upgrade Taproot’s path to activation, has added a data...

May 17 2021

The Top-10 Bitcoin Mining Pools Have Signaled For Taproot

Each of the top-10 bitcoin mining pools by hash rate have signaled at least one block for the Bitcoin network’s Taproot soft fork activation.After bitcoin mining pool BTC.TOP recently mined a “green” block, the top-10 bitcoin mining pools by hash rate have now all signaled at least one block for Taproot...

May 04 2021

Nearly Half Of Bitcoin Hash Rate Now Signaling For Taproot Activation

May 04 2021 Published at Bitcoin Magazine under tags  speedy trial taproot technical

Bitcoin mining pools have begun signaling for the Taproot soft fork activation, with almost half the network's hash rate currently doing so.The path to activation for Bitcoin's Taproot protocol upgrade is underway after the recent Bitcoin Core version 0.21.1 release included its activation code, and the largest mining pools...

May 03 2021

Bitcoin Core 0.21.1 Released With Taproot Activation Code

Bitcoin Core version 0.21.1 is now available for download, including activation parameters for the Schnorr and Taproot protocol upgrade.Bitcoin Core version 0.21.1 has been released and is now available for download. The update includes mainnet and testnet activation parameters for the...

Apr 23 2021

Speedy Trial And The LOT=True Client

This episode of “The Van Wirdum Sjorsnado” covered the final implementation details of Speedy Trial.Watch This Episode On YouTubeListen To This Episode:...

Apr 19 2021

There Are Now Two Taproot Activation Clients, Here’s Why

Apr 19 2021 Published at Bitcoin Magazine under tags  speedy trial taproot technical

There are now two different Taproot activation paths embedded in Bitcoin software clients. Here’s what this could mean for the Bitcoin protocol.Taproot, the proposed Bitcoin protocol upgrade for compact and privacy-preserving smart contracts, is getting closer to activation. The Taproot code itself had...

Apr 15 2021

Speedy Trial Has Been Merged Into Bitcoin Core, Potentially Setting Path To Taproot Activation

Speedy Trial has been merged into Bitcoin Core, offering a path toward the Taproot protocol upgrade is miners signal their overwhelming support.According to a GitHub pull request, a BIP 9-based implementation of Speedy Trial has been merged with the code for Bitcoin Core, offering a potential path for activating the much-anticipated protocol upgrade...

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...

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