The actions taken by BTC Core between 2017 and 2019, particularly the introduction of Segregated Witness (SegWit) and the promotion of the Lightning Network, were initially framed as technical solutions to improve scalability and address transaction malleability within Bitcoin.
However, the true nature of these actions—specifically their impact on the fundamental nature of Bitcoin's transaction model—was not immediately transparent to those outside the core development team and their close associates.
SegWit, implemented in 2017, altered the way transaction data was stored, separating the witness data from the transaction itself. This change, while presented as a way to enhance block space and reduce transaction fees, enabled the development of off-chain solutions like the Lightning Network.
S. Tominaga AKA CSW
Oct 10, 2024
https://x.com/CsTominaga/status/1844306560719388885?t=vWF0pNrbP7MaginHzti0xw&s=19
https://t.me/S_Tominaga/1758
However, the true nature of these actions—specifically their impact on the fundamental nature of Bitcoin's transaction model—was not immediately transparent to those outside the core development team and their close associates.
SegWit, implemented in 2017, altered the way transaction data was stored, separating the witness data from the transaction itself. This change, while presented as a way to enhance block space and reduce transaction fees, enabled the development of off-chain solutions like the Lightning Network.
S. Tominaga AKA CSW
Oct 10, 2024
https://x.com/CsTominaga/status/1844306560719388885?t=vWF0pNrbP7MaginHzti0xw&s=19
https://t.me/S_Tominaga/1758
Comments
Be the first to add a comment
Log in to comment