The debate of 2024 has been about scaling bitcoin self-custody versus ossification, with the presupposition that an ossified bitcoin protocol as it is today is imperfect – but its sound monetary properties alone are enough to change the world for the better, so changes would introduce unacceptable risk. This article will discuss why in fact NOT scaling bitcoin also puts those same monetary properties at direct risk.
Trying to give a neutral overview, the pro-change arguments are about increasing transaction throughput in a way that doesn’t burden nodes (unlike a block size increase). Various proposals exist for tactical extensions to Script, the toolkit all wallets employ to lock up bitcoin so only the owner can spend them. These extensions are new building blocks that can be used, among other things, to share UTXOs without having to trust a third party. If one UTXO can have many owners, each with a claim to part of its value but in a way that they cannot steal from the others, and t
We współpracy z: https://bitcoinmagazine.com/culture/a-bitcoin-node-behind-every-blade-of-grass
