As Scaling Bitcoin Retargets in Milan, Focus Shifts to Fungibility …

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The Scaling Bitcoin conference, hold during the Politecnico Milan, returned for a third iteration this weekend, with a concentration via a vocalization slots and workshops changeable divided from scaling alone. Emphasizing that Bitcoin faces a some-more different set of challenges, this year’s book of a technical discussion enclosed a extended operation of topics. Chief among them was fungibility — a thought that any bitcoin should be as profitable as any other bitcoin, regardless of transaction history.

The tinge for this third Scaling Bitcoin book was set with a workshop’s initial overview display by module chair and Blockstream developer Matt Corallo, and newly allocated Blockstream CEO Dr. Adam Back.

“If there are doubts about coins we receive, afterwards people are going to go to contaminate services and check either these coins are ‘blessed,’” Back explained. “And [if not], afterwards people are going to exclude to trade them. What this does is it transitions bitcoin from a decentralized permissionless complement into a centralized permissioned complement where we have an ‘IOU’ from a blacklist providers.”

Following adult on Corallo and Back’s opening presentation, a initial half of a initial discussion day focused on fungibility exclusively. Speakers presented proposals that enclosed JoinMarket, a


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