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Soon no Bitcoin Hard Forks necessary? Block stream presented solution

Soon no Bitcoin Hard Forks necessary? Block stream presented solution

Home News Soon no Bitcoin Hard Forks necessary? Block stream presented solution

Of
Marcus Misiak –
07.10.2018

In Tokyo, the “Scaling Bitcoin” conference took place on Friday. Mark peace stream block stream introduced a groundbreaking approach for Bitcoin. “Forward block” is meant to enable, in the future, controversial Changes to Bitcoin, for example, increasing the block size (Blocksize), or the Change of the Proof-of-Works without a Hard Fork to perform. The solution of “Forward Blocks” would make it virtually obsolete, and that each Node is updated in the Bitoin network its Software.

The question of how Changes to the Bitcoin Protocol can be made, is already for some years, a big topic of debate. Not least, the “Blocksize war has shown” that it is extremely difficult to reach a consensus in a huge distributed System like Bitcoin. While this was a warehouse for the increase in the Blocksize (the “Bitcoin Cash stock”), wanted to leave the other bearing the Blocksize of Bitcoin in a MB, and the Bitcoin-Blockchain “off-chain” (e.g. by Lightning) scale. The result of the dispute of the Bitcoin Cash Hard Fork was last year.

Another important theme was that the control over the BTC will be undermined if there are forced changes to the software. Therefore, Mark peace stream block stream has been looking for a solution, such as larger Changes easier to Bitcoin can be implemented without having to implement a Hard Fork. Some critics argue, however, that drastic changes to a decentralized network such as Bitcoin, should be extremely difficult.

While Adam Back, the CEO of block stream, referred to the proposal restrained as a “pretty simple, but nonetheless interesting,” said Karl-Johan Alm, a Bitcoin Core developer that the proposal represents a “major technological breakthrough”.

How does “Forward Blocks”?

Peace Bach explained that the Forward block is different Blockchains with separate Proof-of-Work functions. This does not mean that there is only one Blockchain, and each Block can be written to, but a number of block chains. The idea is similar to the Sharding of Ethereum, the Blockchain split into parts (“Shards”). Peace Bach’s Forward block would disassemble the data of the Bitcoin Blockchain in different parts, other block chains. These “Forward-block chains” are not, in principle, once connected to each other and save their own transactions separately. However, there should be a sync option between these (two) Shards. Peace Bach said (freely translated):

One of the methods of the Sharding. I’m talking about database Sharding. If we can have a Forward-Blockchain, we could have just as easily of 30, and transactions of them separately, so that each Shard has its own UTXO Set […]. The information in a Shard are not connected with what is happening in other Shards. There must be a way to transfer something between the Shards, and there are some synchronization requirements, and it is the same mechanism that we used for the Coinbase rules.

The following statement from peace Creek also shows once again very clearly what is the intention of Forward block. If there is no consensus on a Change to the Bitcoin Protocol is reached, Nodes do not update on the Upgrade may have on the Bitcoin Blockchain part. You will then be Shard only “”.

The so-called Soft-Fork Alternative implies rules, a strengthening of the Consensus, in which old Nodes still receive the progress of the Blockchain. The research also contains a Definition for forward-compatible Soft Forks, so that non-updated Nodes can still receive all the transactions and process.

If this proposal takes place in the whole Bitcoin-community appeal, remains to be seen. Surely he will be but is highly controversial.

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