These Two UASFs Could Activate SegWit

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Segregated Witness (SegWit), the Bitcoin protocol upgrade proposed by the Bitcoin Core development team, was originally designed to activate via the Bitcoin Improvement Protocol 9 (BIP 9) standard, a hash-power signalling mechanism. This would allow the Bitcoin ecosystem to coordinate the upgrade relatively safely through miner readiness.

But with the SegWit proposal in particular, BIP 9 no longer serves just to signal readiness. Miners as well as users increasingly see BIP 9 as a sort of miner vote on the desirability of the protocol upgrade. And some miners even seem to utilize it as a negotiation chip for protocol development.

The pseudonymous developer who goes by the name “Shaolinfry” considers this an abuse of the coordination mechanism. He therefore recently proposed an alternative activation scheme: a user-activated soft fork, better known as a “UASF.”

Shaolinfry also drafted two specific UASF proposals: BIP 148 and BIP 149. Both of these are currently “in the running” for user adoption. And speaking with Bitcoin Magazine, Shaolinfry, at least, seems sure that one of them will be accepted by the network.

“There is no universe in which SegWit will not get activated.”

SegWit and the UASF

A soft fork is a change to

Read more ... source: Bitcoin Magazine

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