Bitcoin Wallet Developer Andreas Schildbach: I Will Not Invest My Time in...

Bitcoin Wallet Developer Andreas Schildbach: I Will Not Invest My Time in …

Andreas Schildbach, one of the developers of the popular Bitcoin Wallet app for Android and maintainer of alternative Bitcoin implementation Bitcoinj , calls for a block-size increase to allow for more Bitcoin transactions. Rather than relying on additional layers built on top of the blockchain, Schildbach believes the network should be designed to scale “on-chain”, too.

“I personally will not invest my time in lightning networks, at least not for solving the Bitcoin scalability issue,” Schildbach told Bitcoin Magazine .

The block-size dispute – which represents a trade-off between thenumber of transactions the Bitcoin network can handle and its decentralization – has taken a bit of a turn since a large segment of Bitcoin’s academic and engineering community discussed the issue at the upcoming Scaling Bitcoin workshop in Hong Kong on the 6th and 7th of this month. Core developer and Blockstream co-founder Pieter Wuille’s Segregated Witness , in particular, is embraced by many within Bitcoin’s development community. As part of a scalability roadmap that needs no hard fork, the proposal could help allow added scaling layers such as the

Read more ... source: TheBitcoinNews

News from Darknet


Read previous post:
It’s Not All Rosy for Bitcoin in Kenya

Next time you hear about the phenomenal growth of the bitcoin ecosystem in Kenya, digest it with a pinch of...