28 Jan '16, 11pm

NOW AVAILABLE: Our Jan #Blockchain Letter feat. our take on #Bitcoin scalability/governance:

NOW AVAILABLE: Our Jan #Blockchain Letter feat. our take on #Bitcoin scalability/governance:

However, lower-/no-risk scalability solutions, such as Segregated Witness (a proposal that shrinks the average size of transactions, thus creating more space for transactions), continue to be developed and deployed. Bitcoin Core’s approach to Bitcoin development also puts preserving the protocol’s decentralized nature before all else. Part of this decentralization preservation entails maintaining the highest level of backwards compatibility for Bitcoin software — which hard forking (a change to the system which is not backwards compatible; everyone needs to upgrade or things can go wrong) inherently prohibit. Backwards compatible software maximizes the number of full nodes able to participate in the network, preserving/maximizing decentralization of the network.

Full article: https:[email protected]/the-governance-of-anar...

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