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The last few months of downside Bitcoin price-action have arguably proved something of a boon in the development activity pushing towards full mainnet Lightning Network deployment. After years of work from many talented developers and computer scientists, the Lightning network has made the transition from a great idea to...
Since early 2017, the developers behind most leading public blockchain networks such as Bitcoin and Ethereum have begun to actively develop second-layer solutions mainly for scalability purposes. Most notably, in Bitcoin, the Bitcoin Core development team has integrated Segregated WItness (SegWit), a scaling and transaction malleability solution which decreases...
Vitalik Buterin, the co-founder of Ethereum, has been vocal about the lack of incentives for public open-source projects and developers contributing to the open-source codebase of Ethereum and its scaling solutions. Core developers for public blockchain projects such as Bitcoin, Ethereum, and Litecoin generally take pay cuts and work for...
Bitcoin fees have significantly decreased over the past few months, especially since the lock-in of the Bitcoin Core development team’s scaling solution and transaction malleability fix Segregated Witness (SegWit) and the proposal of SegWit2x. Leading bitcoin wallet platforms including Blockchain, the second largest non-custodial bitcoin wallet application behind Coinbase,...
In a recent interview with Bitcoin Uncensored, Bitcoin Core contributor and Bloq Co-Founder Jeff Garzik shared his views on the issue of scalability in Bitcoin. One of the key points made by Garzik during the interview is that he thinks -- in terms of scaling -- sidechains are a...