It might be unnecessary to increase the block size of bitcoin through a hard fork, as it was though before. The novel method for the «big daddy’s» scaling is what a BTC protocol developer Mark Friedenbach came up with at a recent workshop regarding the issue.
No Moe Hard Fork For Bitcoin? At Least, For Now
Mark Friedenbach, a bitcoin protocol dev, introduced a new concept for BTC scaling in Tokyo this week as he attended «Forward Blocks,” a Scaling Bitcoin workshop.
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The method implies that a significant on-chain capacity uplift is provided. That can be done as a soft fork of means of PoW rearrangement. Moreover, it suggests that the soft work is done on par with the usage of alternative private DLTs.
Such changes, according to Friedenbach’s idea, will enhance the settlement operation volume to «3584x current levels,» Cointelegraph reports. Also, it is expected that the new method perfects censorship opposition with the help of «sharding.»
When taking the floor at «Forward Blocks,” the dev proposed considerable betterments for on-chain BTC operations.
By the way, the «soft-fork» improvement means the enhancing of consensus rules. The concept also includes the idea on «sharding,» a term which Friedenbach adopted from the niche of the database. However, it has a different meaning. In «classical» understanding (as it became popular thanks to upgrades in Ethereum), «sharding» is the enhancement of a number of operations that an unalterable ledger can deal with.
At the presentation, Friedenbach noted that solving the scaling problem for bitcoin was not his initial intention. Instead, he was contemplating the design of dual PoW alteration which could lead to a novel PoW soft-fork. Despite the outcome of his work, Friedenbach does not hurry to claim his work is a proposal for successive alterations but a ground for the first step.
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