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⚙️ BITCOINS NEXT SOFT FORK COULD BE A "CONSENSUS CLEANUP" Bitcoin developers are discussing an upgrade designed to fix some longstanding weaknesses in the protocol and not add flashy new features. The proposal is called BIP-54 - CONSENSUS CLEANUP Bitcoin developer Matt Almogulo estimates that there is about an 80% chance that it will become the next soft fork of Bitcoin. BIP-54 targets four technical problems that developers have known about for years, including: • Weakness in Bitcoin's problematic rules - Worst-case block performance - Mericle tree proof effect One of the most well-known problems is the "Wartime" attack. In theory, miners who control the majority of the Herat can manipulate times to push Bitcoin's mining difficulty artificially low and increase the rate at which blocks are produced. BIP-54 would reduce consensus rules to prevent this. Important: This upgrade is not activated. There is currently no confirmed launch date, and being published as a Bitcoin Improvement Proposal does not mean that the Bitcoin community has agreed to deploy it. Developers have discussed 2027 or later as possible timelines, but it's still unclear. The proposal is also deliberately conservative. No new coins. No change in 21 million. There is no change in Bitcoin's monetary policy. The goal is to clean up consensus weaknesses that have existed for years. Sometimes bitcoin development is not going to add more. It's about making the foundation harder to break. @BitcoinNews.

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Bitcoin News · Crypto · · Source

⚙️ BITCOINS NEXT SOFT FORK COULD BE A "CONSENSUS CLEANUP" Bitcoin developers are discussing an upgrade designed to fix some longstanding weaknesses in the protocol and not add flashy new features. The proposal is called BIP-54 - CONSENSUS CLEANUP Bitcoin developer Matt Almogulo estimates that there is about an 80% chance that it will become the next soft fork of Bitcoin. BIP-54 targets four technical problems that developers have known about for years, including: • Weakness in Bitcoin's problematic rules - Worst-case block performance - Mericle tree proof effect One of the most well-known problems is the "Wartime" attack. In theory, miners who control the majority of the Herat can manipulate times to push Bitcoin's mining difficulty artificially low and increase the rate at which blocks are produced. BIP-54 would reduce consensus rules to prevent this. Important: This upgrade is not activated. There is currently no confirmed launch date, and being published as a Bitcoin Improvement Proposal does not mean that the Bitcoin community has agreed to deploy it. Developers have discussed 2027 or later as possible timelines, but it's still unclear. The proposal is also deliberately conservative. No new coins. No change in 21 million. There is no change in Bitcoin's monetary policy. The goal is to clean up consensus weaknesses that have existed for years. Sometimes bitcoin development is not going to add more. It's about making the foundation harder to break. @BitcoinNews.

⚙️ BITCOINS NEXT SOFT FORK COULD BE A "CONSENSUS CLEANUP" Bitcoin developers are discussing an upgrade designed to fix some longstanding weaknesses in the protocol and not add flashy new features. The proposal is called BIP-54 - CONSENSUS CLEANUP Bitcoin developer Matt Almogulo estimates that there is about an 80% chance that it will become the next soft fork of Bitcoin. BIP-54 targets four technical problems that developers have known about for years, including: • Weakness in Bitcoin's problematic rules - Worst-case block performance - Mericle tree proof effect One of the most well-known problems is the "Wartime" attack. In theory, miners who control the majority of the Herat can manipulate times to push Bitcoin's mining difficulty artificially low and increase the rate at which blocks are produced. BIP-54 would reduce consensus rules to prevent this. Important: This upgrade is not activated. There is currently no confirmed launch date, and being published as a Bitcoin Improvement Proposal does not mean that the Bitcoin community has agreed to deploy it. Developers have discussed 2027 or later as possible timelines, but it's still unclear. The proposal is also deliberately conservative. No new coins. No change in 21 million. There is no change in Bitcoin's monetary policy. The goal is to clean up consensus weaknesses that have existed for years. Sometimes bitcoin development is not going to add more. It's about making the foundation harder to break. @BitcoinNews.

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