Co-founder of Blockstream has proposed to scale bitcoin through softforyou


Co-founder of Blockstream and well-known bitcoin developer mark Friedenbach presented a solution for scaling the first cryptocurrency Forward Blocks. According to him, to increase the size of the unit or transition to alternative PoW algorithm no longer need to implement hardforce.

#ForwardBlocks: On-chain/Settlement Capacity Increases Without the Hard-fork w/@MarkFriedenbach

— Scaling of Bitcoin (@ScalingBitcoin) October 6, 2018.

Friedenbach, stressed that the new decision will help improve the sustainability of bitcoin before censorship by means of sharding. However, he added that he borrowed the term from the scope of the databases and does not mean the technology of Ethereum.

The new mechanism combines various approaches to carrying out the forks and says the co-founder of Blockstream, eliminates the disadvantages due to the advantages of others.

Initially, the developer was investigating the possibility of switching to the alternative algorithm Proof-Of-Work through softforce and the creation of the so-called dual PoW. Then came the concept of Forward Blocks.

He Friedenbach is an active supporter of various hybrid PoW algorithms and models combined mining.

The use of Forward Blocks for the creation of “forward chains” and sharding in the bitcoin network, said the developer, can help during the day to handle up to 11 transactions from every person in the world.

Earlier, the Bitcoin Core developer John Newbury introduced the initiative Bitcoin Optech, in which experienced developers will help uses FOR bitcoin companies to implement solutions to scale the network.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.