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Topic: next btc update after segwit (Read 192 times)

full member
Activity: 756
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July 28, 2019, 06:45:51 AM
#5
I've been totally out of the BTC world since Segwit activation on 2017 and was wandering if there's been a relevant implementation since then the size of Segwit or is there one on scheduled on the foreseeable future? Also if there is some dispute between miners such as there was when Segwit was trying to be implemented.
Thanks to all! 


The witness Segregrated or often abbreviated as SegWit is one (Hard Fork) proposed for Bitcoin software, which is designed to correct a variety of serious problems. SegWit is an update to the Bitcoin system. The core that replaces the problem. This is done by dividing the transaction into two segments, adding the initial signature of the added part and adding it as a separate structure in the end. The original section will continue to save the sending and receiving data, while the new "Witness (Signature)" structure will contain digital scripts and signatures that are useful as transaction validation. The original data segment will be calculated normally, while the "Witness" segment will be calculated only by 0.25% of the actual size.
SegWit itself adds to provide additional speed by reducing the Signature size for each transaction to only a quarter. By reducing the burden on each transaction, it is expected that the Bitcoin transaction process will become lighter and faster, spending Bitcoin currently increasing scalability (scaling) is more serious and getting worse over time.
SegWit is also trying to overcome the flexibility of transactions that have become Bitcoin's weak point to date. Although this bug vector is not harmful to direct users, it is difficult to solve this problem, so Hard Fork SegWit must be done to patch the gap
legendary
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July 27, 2019, 03:41:31 PM
#4
There aren't noteworthy changes since 2017 for regular user, but there are few upcoming changes such as :
1. Schnorr Signature, which reduce transaction size when there's more than 1 input
2. Taproot, which reduce P2SH/script size & uses Schnorr
3. Few soft-fork (about scripting mostly) to make other update can be implemented into Bitcoin

There's no ETA when those changes released though
legendary
Activity: 3192
Merit: 2979
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July 27, 2019, 02:39:57 PM
#3
I've been totally out of the BTC world since Segwit activation on 2017 and was wandering if there's been a relevant implementation since then the size of Segwit or is there one on scheduled on the foreseeable future? Also if there is some dispute between miners such as there was when Segwit was trying to be implemented.
Thanks to all!  

There was a relevant implementation on the bitcoin core, and it was the creation of the lightning network... This is a payment channel who can be opened with a transaction and closed with another transaction, the cool part of this is that big company can open a channel and makes ton of sells without spending on fees each time they got a payment, so, they only pay a fee when they want to close the channel.
legendary
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July 27, 2019, 02:21:30 PM
#2
I've been totally out of the BTC world since Segwit activation on 2017 and was wandering if there's been a relevant implementation since then the size of Segwit or is there one on scheduled on the foreseeable future? Also if there is some dispute between miners such as there was when Segwit was trying to be implemented.
Thanks to all! 

I don't think there's anything lined up for the immediate future. There are some implementations here and there that are not getting quite the attention they wanted until the interest only died together with their intent to make it up to a fork. As for miners during the SegWit activation, I can say that the dispute lasted for a few months between the big blockers and SegWit supporters until SegWit gained the upper hand. Up until now, the angst for big blockers are still remaining, though of course, the money is still on BTC and not the forks, so the miners who initially supported big blocks somewhat acquiesced and mined BTC up to this day.
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Activity: 83
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July 27, 2019, 01:32:42 PM
#1
I've been totally out of the BTC world since Segwit activation on 2017 and was wandering if there's been a relevant implementation since then the size of Segwit or is there one on scheduled on the foreseeable future? Also if there is some dispute between miners such as there was when Segwit was trying to be implemented.
Thanks to all! 
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