Bitcoin Advocate: Ethereum Can Help Bitcoin Realize Scaling
For example,
For example,Segregated Witness (SegWit)Has been widely adopted by cryptocurrency users and service providers,The number of transactions that can be aggregated into one block through technical means to reduce transaction costs.
Lightning NetworkPositive progress has also been made, the network is a second layer scaling (Layer2) solution,Transactions can be migrated off-chain to lower fees, increase speed, and enhance privacy.
However, the improvements that have been seen may not be enough to change Bitcoin, and for about a week in May, users lamented $5-10 transaction fees, as well as long transaction times for a number of reasons.
A long-time Bitcoin core developer recently claimed that these problems can still be solved.
How to solve it? obviouslyLeverage Ethereum。
Gavin Andresen has always had a close working relationship with Satoshi Nakamoto, later known as "Bitcoin's New Spokesperson”。
He said on June 12 that he believes Bitcoin can be scaled in “three easy steps,” tweeting:
1. Extend Ethereum
2. Tokenize your bitcoins with trust
3. Use alternative tokens on the Eth2 chain for transactions
he describedScaling Bitcoin with Technical Improvements from Ethereum. That is, by representing BTC on Ethereum with some kind of alt,It can benefit from Ethereum's sharding technology or any other project implemented by the community.
And he says it's actually not easy to go from step 1 to step 2, but he's sure 80% of people will do it within the next year or three years.
However, some long-time Bitcoin believers quickly refuted this claim.
“Glad you were banned from bitcoin’s github years ago,” one user wrote, referring to a power struggle among developers that cost Andresen the ability to work on bitcoin core development.
Other Bitcoiners scoff at the idea of "scaling Ethereum," possibly due to the notion thatThe implementation of proof-of-stake (as the basis for scaling Ethereum) is risky compared to Bitcoin's proof-of-work system.
Some may see this as a good concept in theory, but tokenizing Bitcoin on Ethereum has also encountered many problems.
tBTC is one of the latest attempts to tokenize BTC and it promises to be the most decentralized version of Bitcoin based on Ethereum.The project has garnered so much attention that Bloomberg published a report on the matter, arguing how it could help bridge the gap between the Bitcoin and Ethereum communities.
In May, though, tBTC was frozen due to a bug discovered in the operating system’s smart contracts.
Keep Network, behind the launch token project, wrote: “The team triggered the suspension after discovering a major issue in the deposit contract's redemption process that put signatories of outstanding deposits at risk of being liquidated when redemptions were made using certain types of bitcoin addresses .”
The original text comes from bitcoinist, compiled by the Bluemountain Labs team, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.
The original text comes from bitcoinist, compiled by the Bluemountain Labs team, the English copyright belongs to the original author, please contact the compiler for Chinese reprint.
