Topic: When SegWit And Lightning Network Will Be Implemented? - page 2. (Read 1571 times)
Segwit will be implemented in 4-5 months, we get approximately 15% of miners support in a month. Lightning Network will be implemented after segwit because Segwit makes it easier.
Miners.
But nodes must be ready to accept (completly) the segwit block in her local blockchain ...
So miners wait until nodes are full in segwit compatibility, first.
In usual time, this pass with 3 revisions of the Bitcoin Core client or 6 months.
But nodes must be ready to accept (completly) the segwit block in her local blockchain ...
So miners wait until nodes are full in segwit compatibility, first.
In usual time, this pass with 3 revisions of the Bitcoin Core client or 6 months.
asking from my ignorance: How we could reach the 95% ? or Who needs to do something about it? Miners? Nodes?
It is hard to say how long it will take, but the pressure for a decision is rising, since Bitcoin might fall apart in the end with no change. The more urgent it will become, the more miners will decide for one or the other. I just hope for two things. First that the decision will not be made in a haste, because it is high time. Secondly i hope that Bitcoin will stay united and do not see two or more big active chains.
If they will be implemented at all or when can nobody tell you, but this is a big step for Bitcoins future and right now this looks not to promising.
If they will be implemented at all or when can nobody tell you, but this is a big step for Bitcoins future and right now this looks not to promising.
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
Percentage of blocks signalling SegWit support should reach 95% In order to get SegWit implemented otherwise It won't happen. It's being like two months without any significant changes on the chart , I doubt we will ever get there but as said above that won't make transactions faster but LN will.
Then when Lightning Network will be implemented?
stalemate between "segwitters" and "big blockers".
Big blockers
Big blockers
try to use the terms properly.
those wanting dynamic blocks are - "onchain scalers"
those wanting segwit are - "centralist temporal gestures"
after all
the community that want REAL onchain scaling compromised to 2mb for ~5000tx..
while the "centralistic temporal gesturers" want to temporarily give an empty gesture of possible 2.1mb for a possible ~<4500tx. but then later bloat up the same <4500tx count to 4mb without offering more tx.
(confidential payment codes turns a standard tx into something thats 1kb bigger)
EG
"onchain scalers" 2mb=~5000tx (from ~2500tx)
"centralist temporal gestures" 2.1mb=~<4500tx (from ~2500tx)..
then later 4mb for the same ~<4500tx (once they add other features to the tailend of serialised tx data.
emphasising the misunderstanding of 'bigblockers'
2 vs 4. makes "centralistic temporal gesturers" the big blockers. because they want to fill blocks with nonsense features. not lean tx's in their empty gesture of 4mb
again 2 vs 4. which is bigger.
In my opinion, eventually it will be implemented, even though we're actually seeing a stalemate between "segwitters" and "big blockers".
Big blockers will have no chance to get a majority, because most of the community is at the side of Core. Their only chance was the moderate approach of Bitcoin Classic, but Unlimited is too "revolutionary" and maybe risky for the network health.
Then there will be pressure to Bitcoin once most altcoins, including LTC, will have adopted Segwit.. I consider this only a question of time, as no altcoin would like to stay "behind the times".
Once LTC has adopted Segwit, first of all, there are pools (F2pool) that have announced they will wait for the Litecoin "test" to adopt it also for Bitcoin. Second, a possibly growing competition from a possible "Litecoin Lightning Network" will drive miners to adopt it because they would fear to lose market share to LTC.
ETA? No idea, perhaps 4-6 months from now.
Big blockers will have no chance to get a majority, because most of the community is at the side of Core. Their only chance was the moderate approach of Bitcoin Classic, but Unlimited is too "revolutionary" and maybe risky for the network health.
Then there will be pressure to Bitcoin once most altcoins, including LTC, will have adopted Segwit.. I consider this only a question of time, as no altcoin would like to stay "behind the times".
Once LTC has adopted Segwit, first of all, there are pools (F2pool) that have announced they will wait for the Litecoin "test" to adopt it also for Bitcoin. Second, a possibly growing competition from a possible "Litecoin Lightning Network" will drive miners to adopt it because they would fear to lose market share to LTC.
ETA? No idea, perhaps 4-6 months from now.
There's still a lot of debate on Segwit Implementation. Still no consensus. You can do a search in the forum about why Segwit will not solve the transaction issue currently a lot of us experiencing.
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
Percentage of blocks signalling SegWit support should reach 95% In order to get SegWit implemented otherwise It won't happen. It's being like two months without any significant changes on the chart , I doubt we will ever get there but as said above that won't make transactions faster but LN will.
Then when Lightning Network will be implemented?
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
segwit does not solve that.
SegWit add more transactions to the block, that would help.
firstly segwit guarantee's nothing.
when activated. nothing changes.
users have to wait for yet another implementation release that offers the actual p2wpkh/p2wsh key utility
AT VERY BEST .. IF 100% of users used p2wpkh/p2wsh keys instead of legacy(old) keys, expect maximum of about 4500tx instead of ~2500
but here is the thing
spammers, scammers and bloaters wont use p2wpkh/p2wsh keys. so dont expect 4500tx a block
even moral people take months/years to upgrade their implementations. so even after it activates dont expect noticable rises anytime soon
and lastly. the mempools is very often full of more than 4500tx unconfirmed at most times. so many transactions are still going to be waiting even in the utopian statistic of 100% dream utility.
segwit is just an empty gesture kicking the stone down the road
SegWit will be activated once we reach consensus.
Currently SegWit sits at ~25% of support. Meaning 25% of the blocks mined over a period of time signal SegWit support.
We need around 90-95%, but support has stalled.
SegWit however will not solve slow transaction times, you can read the benefits of it here: https://bitcoincore.org/en/2016/01/26/segwit-benefits/
Currently SegWit sits at ~25% of support. Meaning 25% of the blocks mined over a period of time signal SegWit support.
We need around 90-95%, but support has stalled.
SegWit however will not solve slow transaction times, you can read the benefits of it here: https://bitcoincore.org/en/2016/01/26/segwit-benefits/
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
Percentage of blocks signalling SegWit support should reach 95% In order to get SegWit implemented otherwise It won't happen. It's being like two months without any significant changes on the chart , I doubt we will ever get there but as said above that won't make transactions faster but LN will.
It can be a long time until something be implemented but it's a good thing too, at least we will have a concrete decision with the agreement of most supporters preventing the bitcoin to split in more different ways, it could be worse for bitcoin as the price could change a lot.
There are much to be discussed yet and maybe more solutions can arise to be discussed too.
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
segwit does not solve that.
SegWit add more transactions to the block, that would help.
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
Percentage of blocks signalling SegWit support should reach 95% In order to get SegWit implemented otherwise It won't happen. It's being like two months without any significant changes on the chart , I doubt we will ever get there but as said above that won't make transactions faster but LN will.
Why does it takes so long?
We need faster confirmations.
We need faster confirmations.
segwit does not solve that.
Why does it takes so long?
We need faster confirmations.
Edit:
When Lightning Network will be implemented?
We need faster confirmations.
Edit:
When Lightning Network will be implemented?
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