28 Dec '15, 2pm

Segregated witness: the right answer to the wrong question #bitcoin #crypto #cryptocurrency

Segregated witness: the right answer to the wrong question #bitcoin #crypto #cryptocurrency

Segregated Witness, the proposal put forth by Blockstream developer Dr. Pieter Wuilee, has been trumpeted as a block size scaling solution that gets around the difficult scenarios associated with increasing the block size utilizing a hard fork. But the problem is that, while Segregated Witness does provide benefit to the code, it misses one of the fundamental problems bitcoin has been experiencing: there are no true, long-term solutions on how to scale Bitcoin for mass-adoption. Instead, the focus has been on developing solutions on top of bitcoin. Further, the stigma associated with a hard fork acts as a hindrance to further development. Segregated Witness 101 When looking at the block size problem, it helps to think of it as a bucket of marbles. The 1MB block size can carry a certain number of transactions the same as a bucket can only carry so many marbles. As more tran...

Full article: https://bitcoinmagazine.com/articles/segregated-witness-t...

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Bitcoin Core developers have deployed an initial implementation of Segregated Witness on a special testnet for Bitcoin, du...

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