USAF - MASF - SEGWIT (SEGREGATED WITNESS) - BITCOIN -

in #money7 years ago


USAF
specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter. Source + Source
MASF
miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. Source + Source
SEGWIT (SEGREGATED WITNESS)
the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. user activated soft fork. Source + Source
BITCOIN
bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. Source + Source


USAF
the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. user activated soft fork. Source + Source
MASF
miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. Source + Source
SEGWIT (SEGREGATED WITNESS)
specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter. Source + Source
BITCOIN
bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. Source + Source

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