An innovative solution designed by Bitcoin Core is about to be released. Bitcoin Core tweeted in the past two days that after comprehensive testing of the Bitcoin network and necessary information updates, the release of the isolated verification code has entered the countdown stage. Segregated verification is an extremely complex and high-end expansion technology that can bring two major benefits to Bitcoin miners, users and enterprises: solving the transaction scalability problem and achieving expansion . The main purpose of the isolated verification scheme is to solve the unresolved block capacity problem, allowing new blocks to carry more data and reduce the capacity of old blocks, so as to alleviate the block congestion problem of the Bitcoin network. Core and most of the Bitcoin community believe that segregated verification is the best way to resolve the block size dispute. An untimely hard fork will only cause potential harm to the network. Long testing periodSegregated verification requires a lot of testing and analysis before it is released, because it makes important changes to the code of Bitcoin, a P2P network. In order to ensure the safe implementation of segregated verification, Core developers must conduct a lot of tests to observe its performance and impact on the Bitcoin network. Core had promised to activate the SegWit code by the end of 2015, and they have been criticized for their incompetence, delaying the code release by nearly a year. Since then, Core has been working with several wallet providers and Bitcoin platforms to conduct tests and research the code to generate SegWit transactions. This period of time was critical to the development and implementation of SegWit, as the Core team discovered issues during this time and made permanent fixes to specific implementation details. The Core team also worked with some projects that did not plan to update the segregated verification code to deploy the segregated verification network on the Bitcoin testnet. After the deployment on the Bitcoin testnet was completed, the segregated verification developer Pieter Wuille immediately submitted the second and final pull request, which included comments and improvement plans proposed by 20 Core developers. As the countdown to Segwit has begun, it is important to understand the benefits of this scaling technology and its overall impact on the network. It provides solutions to block capacity limitations and third-party transaction scalability, greatly improving the performance and security of the Bitcoin network. Supporters of Segregated Witness and the Core development team are also very interested in other similar improvement protocols, such as the Lightning Network, Root Chain (RSK) and Hivemind (a decentralized prediction market based on sidechains), which are expected to be officially launched after the release of Segregated Witness. |
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