Bitcoin Changes With User-Signaled Soft Forks
UASF versus URSF is one mechanism for proposed changes to Bitcoin’s code. This should be the way changes to Bitcoin are decided and implemented.Watch This Episode On YouTubeListen To The Episode Here:AppleSpotifyGoogleLi...
UASF versus URSF is one mechanism for proposed changes to Bitcoin’s code. This should be the way changes to Bitcoin are decided and implemented.
Listen To The Episode Here:
In this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost discuss URSFs, which stands for either User Rejected Soft Forks or User Resisted Soft Forks, depending on who you ask. URSFs are a recently introduced tool in Bitcoin’s upgrade mechanism toolkit.
In the first part of the episode, van Wirdum and Provoost explain that URSFs are best considered as the mirror equivalent of User Activated Soft Forks (UASFs) with mandated signaling. Whereas UASFs will reject blocks that don’t signal readiness for a soft fork toward the end of a soft-fork activation window, URSFs will reject blocks that do signal. If both UASF and URSF clients are deployed, they would in principle create a split in the blockchain.
In the second part of the episode, the duo outlines the various soft-fork upgrade mechanisms, ranging from Miner Activated Soft Forks (MASFs), flag day activated UASFs and mandated signaling UASFs. Van Wirdum then explains why he believes mandated signaling UASFs are his preferred method of deploying soft forks and why he thinks URSFs should be offered as an added option for users who prefer to reject the soft fork in the future. Van Wirdum shared, “The problem of course is that this would split the chain, but … If there is one group of people, an intolerant minority, that definitely wants something, and there’s another group of people that definitely don’t want that, then the chain should split … If people want different things, then they want different things.”
Finally, Provoost lays out the “rough consensus” guidelines as used in context of the Internet Engineering Task Force (IETF), and how this applies to Bitcoin upgrades.
Original source
Read on Bitcoin MagazineRelated market context
Crypto exchanges are opening a two-front war for the stock market
Binance, Kraken, Bybit, and Gemini are moving to add US stocks and ETFs to their crypto trading apps, making a direct play for the...
Cape Verde’s World Cup fairy tale sparks crypto speculation, but investors should tread carefully
Cape Verde's World Cup debut highlights the speculative risks in crypto markets, urging investors to discern between official and...
This is not a crypto story and should not be published on CryptoBriefing
The misplacement highlights the importance of accurate content categorization to maintain publication relevance and audience trust...
Major crypto exchanges cancel SpaceX IPO allocations, promising refunds
Elon Musk’s SpaceX completed its landmark IPO on the Nasdaq on Friday, but crypto users seeking tokenized exposure to the IPO were...
Bitcoin users upgrade to P2WPKH inputs, rising to 76%
The organic shift to P2WPKH enhances Bitcoin's efficiency, allowing more transactions per block and reducing fee pressures during...
FIFA World Cup final tickets priced at $10,000, and there’s a crypto angle you should know about
Skyrocketing ticket prices and crypto integration may widen economic divides, raising concerns about accessibility and potential l...