{"id":2305,"date":"2017-04-25T16:11:13","date_gmt":"2017-04-25T16:11:13","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=2305"},"modified":"2020-11-22T18:38:57","modified_gmt":"2020-11-22T16:38:57","slug":"bitcoin-block-size-uasf","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/04\/bitcoin-block-size-uasf.html","title":{"rendered":"Bitcoin block size: UASF updates its proposal"},"content":{"rendered":"

A\u00a0controversial Bitcoin block size proposal<\/strong> has been upgraded.<\/p>\n

UASF<\/strong>, in fact, is a new idea proposed by a pseudonymous contributor called Shaolingfry<\/strong>.<\/p>\n

She\/he wants to solve the bitcoin block size debate<\/a> with a user activated soft fork<\/strong> (UASF<\/a>), a possible method arount the actual deadlock over the Segregated Witness<\/a> (Segwit) solution.<\/p>\n

Right now, the need for a majority consensus in order to make a decision means \u00a0that any mining pool with enough hashing power has the veto power over any proposal; this might be the reason why SegWit is tardy to arrive.<\/p>\n

Conversely, UASF wants to bypass the veto power and put the decision only into the hands of bitcoin’s users.<\/p>\n

After a first general UASF proposal, Shaolinfry suggested a change –\u00a0BIP148<\/a>\u00a0– in order to moving the power out of the miners’ decision and give it to the “economic majority”.<\/p>\n

Gregory Maxwell<\/strong>\u00a0and other bitcoin developers refused this proposal<\/a>\u00a0because it could undermine the bitcoin blockchain stability.<\/p>\n

“We should use the least disruptive mechanisms available and the BIP148 proposal does not meet that test,”<\/em> he wrote<\/p>\n

For this reason, Shaolinfry announced he\/she is working on a redraft of the proposal to\u00a0address some of the concerns suggested by Maxwell and other developers.<\/p>\n

Shaolinfry published an\u00a0announcement post<\/a>\u00a0saying that the reason for this changes is related to technical criticisms of how UASF would upgrade the network.<\/p>\n

“BIP 148 is certainly not what a normal UASF would or should look like. While support for BIP 148 is surprisingly high, there are definitely important players who support UASF in general but do not like BIP148 approach.”<\/em><\/p><\/blockquote>\n

This revised proposal suggests the use of BIP8<\/a>, but this concerns how soft forks are implemented.<\/p>\n

Segwit and BIP8<\/h2>\n

Right now, if the 95% hashrate support for the Segregated Witness<\/strong> option is not reached by November 15th, the proposal will be discarded by default.<\/p>\n

Anyway, the technical changes made in a proposal (BIP8) would be automatically locked in at the end of the time period, even if they\u00a0could be adopted sooner.<\/p>\n

Shaolinfry’s idea is that after the November 15th, a UASF SegWit proposal will be edited according to the BIP8 changes.<\/p>\n

This means that\u00a0the bitcoin community would have 1 year to prepare the upgrading of a UASF, removing the possible destabilizing effect of\u00a0a short-term.<\/p>\n

“I believe this approach would satisfy the more measured approach expected for bitcoin and does not have the issues Maxwell brought up about BIP148.”<\/em><\/p><\/blockquote>\n

 <\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

A\u00a0controversial Bitcoin block size proposal has been upgraded. UASF, in fact, is a new idea proposed by a pseudonymous contributor called Shaolingfry. She\/he wants to solve the bitcoin block size debate with a user activated soft fork (UASF), a possible method arount the actual deadlock over the Segregated Witness (Segwit) solution. Right now, the need […]<\/p>\n","protected":false},"author":2,"featured_media":2183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,83,101,468],"tags":[791,1397,1235,1399,1398],"yoast_head":"\nBitcoin block size: UASF updates its proposal -<\/title>\n<meta name=\"description\" content=\"The UASF controversial bitcoin block size proposal has been upgraded. 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