Can “Forward Blocks” Propel Bitcoin Toward Mass Market Adoption in Lieu of Hard Forks?
Colleagues, establishing consensus among
developers and users alike has been a critical success factor necessary for
emerging technologies to cross the chasm from early adopters to mass market
acceptance for decades. Bitcoin, with its roughly 51% crypto market cap share, faces
a crucial junction as it seeks to increase block size without losing is
faithful followers. Changes to BTC’s proof-of-work and block
size are inevitable if the cryptocurrency is to
maintain its technical and market leadership. However, Bitcoin needs to avoid dissension
among its developers and users, similar to the infamous hark for of 2017 that
splintered BTC into Bitcoin and Bitcoin Cash. Enter so-called “Forward
Blocks”. Proposed by developer Mark Friedenbach, in theory this technique can make future
changes to block size and POW backward compatible. If successful “Forward
Blocks” would eliminate the technical and market carnage that are typically
caused by “Hard Forks”. The trillion-dollar question remains: Will
“Forward Blocks” be successful? Share your comment today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
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