Archive | jeff garzik

How Time-locked Bitcoins Could Incentivize Smooth Hard Forks

There’s been a lot going on as far as development goes with the latest alternative clients and the Segwit2x plan also known as BTC1 on Github. One particular subject that came up on the BTC1 repository was the idea to incentivize the development community with time-locked bitcoins to smoothly activate a hard fork. Also read: […]

Bitcoin Mining Pools Initiate Segwit Lock-in Period

At approximately 00:06:48 UTC today, July 20, at block height #476768 the bitcoin network finished the BIP91 lock in period and entered a new phase in order to activate the protocol Segregated Witness (Segwit). Now during the lock-in period, there will be another 336 blocks, until Segwit will be activated on Bitcoin’s main network. Also read: Predicting the […]

August 1 and the Potential Disruption of the Bitcoin Network

If you’ve been listening to the bitcoin ‘community,’ you’d know in about two weeks the bitcoin network may face some protocol changes. Due to the possible user-activated soft fork (UASF) planned and the chance some groups may counter this plan, this has created thousands of discussions concerning August 1. Now the bitcoin-focused web portal […]

Segwit2x Beta Released as New UAHF Code Proposal `ABC´ Removes 1MB-Limit

Saturday, July 1st was filled with fresh new code as the Segwit2x working group released the team’s protocol beta v1.14.3 with release notes. Alongside this, a new implementation of a user-activated hard fork (UAHF) was made available for download the same day. Also read: Mining, Merchants, and Traders—Thailand’s Got the Bitcoin Fever The Segwit2x Beta Codebase Has […]

Scheduled Scaling Updates for the Bitcoin Network Are Getting Closer

Over the past six months, the bitcoin scaling debate has been going on relentlessly as many cryptocurrency proponents are trying to figure the best solution to improve the network’s fees and transaction throughput. There have been many ideas brought to the table, but this summer there are some specific plans that all bitcoin holders should […]

70 Percent of the Bitcoin Hashrate Begins Signaling Segwit2x

On June 16 the alpha code for the scaling solution Segwit2x was released to the public following a large number of mining pools having vocally supported the plan. Since then a large majority of miners who back the Segwit2x roadmap have started signaling with their hashrate. Also Read: Australian Opposition Leader Believes Bitcoin is Fueling […]

Jeff Garzik Asks Community if Asicboost Optimization Should be Disabled

Jeff Garzik posted a section to his Bitcoin Improvement proposal (BIP) June 1 on Github. He asked the community if the Asicboost optimization should be banned or removed entirely from the Segwit-2mb plan. He brought up the issue to determine if the community wants the patented feature to be disabled or rendered ineffective.  Also read: Segregated Witness and the […]

A ‘Segwit2x Working Group’ Has Submitted a Bitcoin Scaling Plan

Just recently reported on a Bitcoin Improvement Proposal (BIP) written by Calvin Rechner that was recently submitted to the developer’s mailing list. There is another plan in the works initiated by Bitcoin developer and Bloq CEO, Jeff Garzik, that aims to combine Segwit and a 2MB block size increase. On May 30 Garzik addressed […]