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RE: The War Between SegWit & Bitcoin Unlimited...

in #segwit8 years ago

BU is far from accomplished software. It has crashed too many times and there's a dominant opinion that its code is just too crappy and unsafe. The hashrate that is signaling in its favor is basically more or less directly connected to Chinese mining king Jihan Wu and his company Bitmain. It will not increase further. Segwit on the other hand is more or less inevitable in one package or the other. The problem with it is that it presents a radical change of the bitcoin protocol as designed by Satoshi and it will bring more unforeseen technical issues. However, it solves one of the serious problems of the bitcoin network (malleability issue) and that was actually its primary goal, not solving scaling issues. Network congestion is a real problem (although somewhat artificially created) which will not be solved by SegWit (maybe short time since it technically will increase block capacity by over 2x times). So the proposal that might get the most support is actually the one that compromises with both SegWit and some degree of scaling known as SegWit2x (this article explains more about the proposal but mostly about the possible route of activation.