Discussing Taproot Activation Through Speedy Trial Discussing Taproot Activation Through Speedy Trial March 12, 2021 This episode of “The Van Wirdum Sjorsnado” is about Speedy Trial, the proposed Taproot activation mechanism that has been gaining traction in recent weeks.
Watch This Episode On YouTube
Listen To This Episode: Libsyn Overcast
In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed Speedy Trial, the proposed Taproot activation mechanism that has been gaining traction in recent weeks.
They explained that Speedy Trial would give miners three months to signal support for the Taproot upgrade with their hash power.If a supermajority of miners signals support for the upgrade within these three months, Taproot will activate a couple of months later: six months since the release of the software client that includes the activation logic.If miners don’t signal support within three months, the upgrade will expire and a new upgrade path can be considered.(It is, as of yet, not defined what the potential alternative upgrade path would look like.)
Van Wirdum explained that Speedy Trial was born out of a compromise between developers and users who preferred different upgrade mechanisms for the Taproot soft fork, while Provoost detailed what some of the more technical implementation considerations of Speedy Trial are, like the benefits of using block heights instead of timestamps, and the extended delay between signaling and enforcement.Finally, the hosts discussed some of the downsides and risks of Speedy Trial.
Share this: Coinbase Announced New Asset Listing Program In a move to expand its asset offerings, Coinbase has created a new process by which anyone with a token can apply to have it listed on the platform.This news comes weeks after Coinbase said it was exploring the addition of several new assets including Stellar Lumens (XLM), Zcash (ZEC) and Cardano (ADA).
At… Enterprise Blockchain on … Bitcoin? Bitfury Is Giving It a Go With Exonum “Blockchain, not Bitcoin.” This rallying cry became a hallmark of the 2017 market boom and continued to reverberate in the subsequent cryptocurrency bear market.Entrepreneurs and institutions from every corner of every industry tried to shoehorn blockchains into use cases for everything from pharmaceuticals to bananas.“Just slap a blockchain on it,” the idea went,… Monero Transaction Fees Reduced by 97% After Bulletproofs Upgrade After the recent hard fork upgrade of its protocol, Monero has seen its transaction fees shrink by approximately 97 percent, dropping from 60 cents to just 2 cents.Crypto analytics firm Coinmetrics shared a tweet confirming the drop in fees and their corresponding reduction in transaction size, falling from 18.5kb pre-fork to 3kb — an… Tracing The Growth Of Bitcoin In Pakistan Bitcoin is currently banned by the State Bank of Pakistan and it’s illegal for businesses, banks and other entities to trade bitcoin in the jurisdiction of Islamic Republic of Pakistan.But Pakistan is the world’s fourth-largest country by population, and about 50 percent of the population is between the ages of 15 and 40, and… How The Use Of Bitcoin In Africa Continued To Grow In 2020 2020 was unforgettable, especially for Bitcoin.
To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021.These writers responded with a collection of thoughtful and… Combining Convenience and Security, TenX Is Expanding Bitcoin Usability This is a sponsored article provided by TenX.Ever since it was introduced in Satoshi Nakamoto’s 2008 white paper, bitcoin has had yearning potential to be used regularly around the world for everyday purchases.It has built-in capability to make purchases faster, more secure and more convenient, but a lack of widespread infrastructure and adoption… Crypto is Property: Chinese Court Upholds Citizens Rights to Own Bitcoin The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, specifically bitcoin and several of its hard forks, are considered legal property and Chinese citizens have a right to own and transfer them.
The SCIA recently published an analysis of a contract dispute over WeChat, describing the legal proceedings of a case in… John Carvalho on Lightning and Bitcoin’s Layer 3: ‘We’re Thinking Way Ahead’ During the last day of the Lightning Conference in Berlin, John Carvalho was scheduled to make a presentation titled “The Lightning Economy: Business Models and Product Considerations.” However, due to the noisy chatter that echoed inside the chamber, the Bitrefill CCO decided to take his discussion outdoors.So, the conversation took place in the quieter… On the Coast of El Salvador, Bitcoin Is Becoming the Standard When Michael Peterson made a semi-permanent move to El Salvador, the California native’s motive was simple and, well, fittingly expected: He wanted a place to surf in the wintertime.“I came to El Salvador on a surf trip and I just kind of fell in love,” he explained.“The water’s warm, the waves are great,… Leave a Reply You must be logged in to post a comment.
Search.
