By the look of things, the debate on which solution to take for solving the Bitcoin block size debate once and for all is still not over. Even though Bitcoin Classic has seen a huge amount of support so far, a new initiative by Bitcoin Core is looking for people to publicly show support for this course of development. Needless to say, the community is getting tired of this internal bickering, and the approach of “talk less, get more done” is coming to mind.
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TheMerkle_Development Bitcoin Core Petition The one thing everyone in the Bitcoin community wants to see is a resolution for the block size debate and not an e-peen contest between developers. Both Bitcoin Core and Bitcoin Classic are in favor of increasing the block size, which is what really matters at this point. All of the talks about additional features is not part of the main topic, so what is all the fuzz about, you ask?
Well, both Bitcoin Core and Bitcoin Classic have various points on their agenda they would like to push through as future updates. Bitcoin Core is looking to deploy Segregated Witness on the blockchain, As a result of this feature, the blockchain will become less cluttered, as all of the transaction signature data will be moved to a data structure outside of the transaction block itself.
Not only will Segregated Witness help make the blockchain more efficiently, but it also creates future opportunities waiting to be explored. Especially when it comes to introducing smart contracts to the Bitcoin ecosystem, Segregated Witness seems to be the preferable option. In fact, several Bitcoin wallet providers – including Electrum, Trezor, and Ledger – have already started supporting […]
