Scaling Bitcoin 2017 focused on solutions and not on SegWitx2

in #btc7 years ago

 On November 4 and 5, the developers of the Bitcoin blockchain met in  the fourth edition of Scaling Bitcoin, which was held at Stanford  University in the United States.

The event addressed issues such as privacy, scalability, fungibility of assets, mining and even smart contracts; but  most of the Scaling Bitcoin was devoted to know was focused on the  innovations developed to implement not so severe changes in the Bitcoin  protocol, which following the trend of Montreal and Hong Kong did not  give too much prominence to the companies but to the developers .

Among  the developments presented highlights the co-author of the White Paper  of the Lightning Network, Tadge Dryja, who presented the initiative  "Discreet Log Contracts" (DLC), a system based on intelligent contracts  that allows the realization of transactions between two parties that  have not established a relationship of trust, and use a discrete intermediary to mediate the transaction. 

 Therefore,  this system allows the discreet operation of the transactions carried  out between two parties making use of a chain of blocks. A project that could be carried out could revolutionize private connections.

Another proposal was presented by Nick Szabo, who described how to  transmit bitcoin transactions through radio waves, as an alternative to  operate the network without connecting to the internet.

Finally  highlights Andrew Poelstra, the mathematician of Blockstream, who  presented a project to implement "scrips without scrip" -proposed  developed for the protocol Mimblewimble, which can be implemented in  bitcoin-, using "intelligent cryptography" in the signatures of smart  contracts . The proposal basically is to anchor the intelligent contracts to the  chain of blocks without incorporating all the code of the intelligent  contract. 

Thank you for reading, hope you enjoyed it! 

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