Topic: BitcoinHash - UPCOMING BITCOIN FORK (Read 161 times)
Will this hard fork be claimable by BTC holders?
Dear all,
after quite some consideration and input from my friends, I would love to pursue a rather simple exercise done by many - produce yet another fork of bitcoin-core, including the data in the chain. There might be many reasons for doing that, starting with the point that this is still one of the very efficient ways to innovate BTC i.e. by testing out new ideas. Unfortunately, I don't plan to solve all the issues of bitcoin-core, as there are plenty of those. My intention is only to achieve few tiny improvements, which are:
0. No bullshit marketing
1. Memory-hard (disk+ram) or non ASIC-friendly mining algorithm
2. Incentify pool mining to be cheaper as a part of the protocol
3. Post-quantum cryptography for the keys/addresses
4. Cross-chain interoperability beyond bitcoin lightning
I believe that exactly (1) and (2) are the most important one at the moment. It would be also bad priority planning or actual deviation from my original work to try to achieve (3) and (4) at the same time. My main goal is to democratize bitcoin mining and make it more community fair or revisit the whole network governance issue. Nothing in my work would be of big change or deviation from the existing BTC-core. This is done on purpose, as overall I am quite happy how bitcoin works today.
In the coming post I would be excited to cover how to solve (1) and (2). I would be also looking for constructive criticism as well as actual help with the whole effort as the feedback which I am seeking. Meaning, if you are a developer or experienced in previous BTC forks, please contact me or join the discussion (both at this post and the telegram link below).
BTC# Telegram https://t.me/bitcoinhash19
PS
There would be further announcements coming as the "arxiv" paper and the white paper got published, as well as I would get more progress on the new mining algorithm put together (based on those papers). Keep an eye on it!
after quite some consideration and input from my friends, I would love to pursue a rather simple exercise done by many - produce yet another fork of bitcoin-core, including the data in the chain. There might be many reasons for doing that, starting with the point that this is still one of the very efficient ways to innovate BTC i.e. by testing out new ideas. Unfortunately, I don't plan to solve all the issues of bitcoin-core, as there are plenty of those. My intention is only to achieve few tiny improvements, which are:
0. No bullshit marketing
1. Memory-hard (disk+ram) or non ASIC-friendly mining algorithm
2. Incentify pool mining to be cheaper as a part of the protocol
I believe that exactly (1) and (2) are the most important one at the moment. It would be also bad priority planning or actual deviation from my original work to try to achieve (3) and (4) at the same time. My main goal is to democratize bitcoin mining and make it more community fair or revisit the whole network governance issue. Nothing in my work would be of big change or deviation from the existing BTC-core. This is done on purpose, as overall I am quite happy how bitcoin works today.
In the coming post I would be excited to cover how to solve (1) and (2). I would be also looking for constructive criticism as well as actual help with the whole effort as the feedback which I am seeking. Meaning, if you are a developer or experienced in previous BTC forks, please contact me or join the discussion (both at this post and the telegram link below).
BTC# Telegram https://t.me/bitcoinhash19
PS
There would be further announcements coming as the "arxiv" paper and the white paper got published, as well as I would get more progress on the new mining algorithm put together (based on those papers). Keep an eye on it!
Jump to: