The following is borrowed from UASF.co with permission
UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on…
Originally sent by Pieter Wuille to the Bitcoin-dev mailing list on December 18 2015.
For a long time, I was personally of the opinion that soft forks constituted a mild security reduction for old full nodes, albeit one that was preferable to hard…
Individual payment channels composed as a series of interconnected links are what make the…
I and many of my colleagues at BitGo and across the Bitcoin ecosystem are eager to see Segregated Witness activated.
I can vividly remember the day when I shared a room in Hong Kong with many of my fellow developers and we watched…
Bitcoin mining nodes and full nodes incur costs for the resources used to support the bitcoin network and the blockchain. As the scale of bitcoin increases, so does the cost of resources (CPU, network…
Segregated Witness is an outstanding scientific and logistical achievement which opens the door to exciting innovations that early Bitcoin adopters could only dream of. Most of all, it fixes Bitcoin’s main technical flaw…
It was originally thought that segregated witness could only be added to Bitcoin using a hard fork. For that reason, it was considered unlikely to be possible to add to Bitcoin in the near term because hard…
Yes! Segregated witness replaces the block size limit with a new block weight limit, counting each byte of witness data as 1 unit of weight and UTXO transaction data as 4 units; as a result, the maximum size of a block becomes just under 4 MB.
The idea around segregated witness has been in development for nearly two years, and variants of segregated witness have been in production and network testing for over a year. The current soft fork implement is, by all…