The proposal would allow other blockchains to be built on the Bitcoin network. In August, a core developer rewrote the proposal’s code and requested it be added to Bitcoin’s codebase, sparking new debate over its merits.
Category: BIP
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Low Energy Proof-of-Work: Bitcoin Improvement Proposal Wants to Change Network’s Algorithm
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Sorry BitPay, New Bitcoin Upgrade Proposal Disables BIP70 by Default
Developer Paul Sztorc Launches the First Version of Drivechain
On September 24, the director of research at Tierion and the bitcoin developer Paul Sztorc announced the launch of the first Drivechain release. The Drivechain protocol is an alternative to the sidechain concept because it enables multiple blockchain compatibility but the system utilizes the same 21 million bitcoins. Also read: Speculators and Investors Hodl, Venezuelans […]
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Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin
Bitcoin developer Jimmy Song is on a mission to redefine the default standard for measuring bitcoin. If Song has his way, BTC will be recorded in “bits” by default, with each bit corresponding to one thousandth of a bitcoin. His Bitcoin Improvement Proposal for bits was submitted in December and this week, the plan came […]
The post Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin appeared first on Bitcoin News.
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