28 Dec '16, 8pm

The Teechan Solution: Scaling Bitcoin With Trusted Hardware

The Teechan Solution: Scaling Bitcoin With Trusted Hardware

Scalability has been a central issue within the Bitcoin community for well over a year now. Amongst the most promising innovations being developed are bidirectional payment channels. These can be extended to the Lightning Network , allowing users to transact securely with minimal footprint on the blockchain. Performance of these solutions would be significantly improved by Segregated Witness , the protocol upgrade proposed by the Bitcoin Core development team. However, the Segregated Witness soft fork has not activated yet. Last week, four researchers from Imperial College London and Cornell University — Joshua Lind, Ittay Eyal, Peter Pietzuch and Emin Gün Sirer — proposed a different payment channel solution. Loosely resembling the OtherCoin concept , the researchers published a white paper detailing their implementation, dubbed “Teechan,” and successfully tested an early...

Full article: https://bitcoinmagazine.com/articles/the-teechan-solution...

Tweets

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Scaling Bitcoin with Secure Hardware

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via @qz

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