Consensus and governance have been two major topics within the Bitcoin community over the past year. While changes to Bitcoin Core may seem minor to some, the factional disputes over certain proposals have caused major problems. At the Blockchain Agenda conference in San Diego, bitcoin developer and Ciphrex CEO Eric Lombrozo gave a keynote address on potential options for bitcoin scaling. He also expressed his views on the current problems with Bitcoin consensus rules, among which he mentioned the concepts of soft forks and hard forks, as well as a Bitcoin Improvement Proposal (BIP) that would eventually make it easier to deploy soft forks on the network. The Problem with Changing Bitcoin’s Consensus RulesBefore discussing possible solutions, Lombrozo first talked about the current problems facing the Bitcoin network and the new consensus rules. Although the decentralization of Bitcoin is the value of its network, the lack of a main decision-maker makes the formulation of network rules a problem. Lombrozo explained:
Hard Forks and Soft ForksNext, Lombrozo touched on the topic of hard and soft forks. These forks occur when the rules of the network change and are currently the only option for upgrading the protocol.
Lombrozo said the hard fork process is a more difficult proposition:
Currently, a large part of the community wants to expand the Bitcoin block size through a hard fork. Bitcoin Classic is one of the alternative versions of Bitcoin that wants to achieve this change. What is BIP 9?In Lombrozo's view, the implementation of BIP 9 will make it easier to change the Bitcoin consensus rules. This proposal aims to allow multiple soft forks to be deployed at the same time. The principle is to change the block "version" field parsed by network nodes. Lombrozo described BIP 9 during a presentation at the San Diego Blockchain Conference, saying:
While soft forks may become easier to deploy in the near future, Lombrozo added: “Hard forks are still difficult.” Original article: https://bitcoinmagazine.com/articles/bip-enabling-easier-changes-and-upgrades-to-bitcoin-1453929816 |
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