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Second Layer Developments Promise Major Changes For Bitcoin

The tremendous media attention focused on Bitcoin primarily concerns its soaring value and adoption rate, but perhaps of much greater significance are developments that promise to dramatically alter its capabilities and use. Segregated Witness (SegWit) creates the ability for functions to take place outside of Bitcoin's main chain. These so-called second layer capabilities will enable…

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August 1st: How to Prepare for the Worst

Bitcoin’s future could be quite adventurous for owners and users given the upcoming potential disruptions in its network. All bitcoin users should pay special attention to the events planned to take place after August 1st and prepare for the various potential outcomes according to their own investing strategies. BIP91 and SegWit The Bitcoin Improvement Proposal No.…

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SegWit – Possible Patent Infringements

Research revealed Segregated Witness or SegWit is possibly liable for violation of two patents filed with the United States Patent and Trade Office. The SegWit protocol has been the subject of numerous discussions and debates during the past year as solution to flexibility issues as well as probability execution will enhance transaction throughput. This refers…

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