Bitcoin’s block size is again in the center of attention in all bitcoin news since the main protocol developer Mark Friedenbach claims to have found a solution for Bitcoin scaling without the need for a hard fork.
He presented the new method entitled ‘’Forward Blocks’’ where he suggest a capacity boost by alternating the Proof-of-Work method as a soft fork with the alternative private ledgers.
He claims that this method will increase the settlement transaction volume and will likely improve censorship resistance. Friedenbach also suggested other developments and improvements for all other transactions that can appear on the Bitcoin blockchain.
The soft fork alternation means an improvement of the consensus mechanism. The role of sharding is also pointed out for improving censorship resistance and users should pay attention to the explanation of the word because sharding in this research paper means nothing as used in other crypto projects.
The term sharding is now extremely popular because of Ethereum. The word itself means a method of increasing the number of transactions that the blockchain can process. The idea is for multiple network computers to be able to divide the transaction burden between them.
Friedenbach explained that he was also thinking about developing a dual PoW change where you connect the new PoW with a soft fork. He emphasized that Bitcoin scalability is still the major issue with bitcoin and this is why he is working so hard to provide a solution.
However, Friedenbach is not the only one paying attention to this problem. This summer, a non-profit group launched the Bitcoin Operations Technology Group in order to provide a solution for the scaling problem. The group is supported by many popular names in the industry such as PayPal board members.
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