Topic: [2016-01-26]Lawrence Nahum: Bitcoin Wallet GreenAddress Already Integrating (Read 321 times)
January 26, 2016, 12:15:03 PM
Good, this is the way forward, core with tha majority support.
January 26, 2016, 12:13:40 PM
The ongoing block size dispute has catapulted to the center of attention again. One of the most talked about developments right now is Segregated Witness, of which a public testnet iteration was launched last week. The innovation as recently proposed by Blockstream co-founder and Bitcoin Core developer Dr. Pieter Wuille is a centerpiece of a scalability “roadmap” set out by Bitcoin Core.
But relying on Segregated Witness as the next step of Bitcoin’s scalability process is opposed by the recently launched Bitcoin Core fork Bitcoin Classic. Rather than a Segregated Witness soft fork, Bitcoin Classic prefers to deploy a “cleaner” hard fork in order to increase the block size limit to 2 megabytes.
To find out where the development community stands on this issue, Bitcoin Magazine reached out to library and wallet developers, those who will need to do the heavy lifting in order to utilize Segregated Witness once rolled out.
GreenAddress Implementing Segregated Witness
Segregated Witness offers several improvements to the Bitcoin network. Among these improvements is an effective block size limit increase to a range between 1.75 and 2 megabytes, depending on the types of transactions. While this has received a lot of attention in context of the block size dispute, many developers are actually more excited about the other improvements to the Bitcoin protocol offered by the innovative solution.
GreenAddress and GreenBits developer Lawrence Nahum is in the advanced stage of implementing Segregated Witness into GreenAddress.
“GreenAddress already implemented some basic support for it on the Segregated Witness testnet,” Nahum said. “We started experimenting because we think Segregated Witnesses is a great enabler. It fixes the unintentional malleability issues, and thus allows for trustless smart contracts as well as lower fees for multi-signature transactions which we use extensively. It’s really exciting.”
More https://bitcoinmagazine.com/articles/lawrence-nahum-bitcoin-wallet-greenaddress-already-integrating-segregated-witness-1453824522
But relying on Segregated Witness as the next step of Bitcoin’s scalability process is opposed by the recently launched Bitcoin Core fork Bitcoin Classic. Rather than a Segregated Witness soft fork, Bitcoin Classic prefers to deploy a “cleaner” hard fork in order to increase the block size limit to 2 megabytes.
To find out where the development community stands on this issue, Bitcoin Magazine reached out to library and wallet developers, those who will need to do the heavy lifting in order to utilize Segregated Witness once rolled out.
GreenAddress Implementing Segregated Witness
Segregated Witness offers several improvements to the Bitcoin network. Among these improvements is an effective block size limit increase to a range between 1.75 and 2 megabytes, depending on the types of transactions. While this has received a lot of attention in context of the block size dispute, many developers are actually more excited about the other improvements to the Bitcoin protocol offered by the innovative solution.
GreenAddress and GreenBits developer Lawrence Nahum is in the advanced stage of implementing Segregated Witness into GreenAddress.
“GreenAddress already implemented some basic support for it on the Segregated Witness testnet,” Nahum said. “We started experimenting because we think Segregated Witnesses is a great enabler. It fixes the unintentional malleability issues, and thus allows for trustless smart contracts as well as lower fees for multi-signature transactions which we use extensively. It’s really exciting.”
More https://bitcoinmagazine.com/articles/lawrence-nahum-bitcoin-wallet-greenaddress-already-integrating-segregated-witness-1453824522
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