Can Bitcoin Unlimited and SegWit coexist in the same blockchain?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, Bitcoin Unlimited and SegWit can coexist on the same blockchain. Bitcoin Unlimited allows for the increase of block size, while SegWit introduces a new transaction format. Both proposals aim to address the scalability issue of Bitcoin. However, there are debates within the Bitcoin community regarding the best approach. Some argue that increasing the block size with Bitcoin Unlimited may lead to centralization, while others believe that SegWit's transaction format change is a more elegant solution. Ultimately, the decision lies with the miners and nodes who choose which proposal to support.
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• Dec 25, 2021 · 3 years ago
  Absolutely! Bitcoin Unlimited and SegWit can peacefully coexist on the same blockchain. Bitcoin Unlimited provides an option to increase the block size, which can help improve scalability. On the other hand, SegWit introduces a new transaction format that optimizes block space utilization. Both proposals have their merits and can contribute to the growth of the Bitcoin network. It's important for the community to have open discussions and find a consensus on how to move forward.
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• Dec 25, 2021 · 3 years ago
  Yes, Bitcoin Unlimited and SegWit can coexist in the same blockchain. Bitcoin Unlimited allows for the flexibility of block size, while SegWit introduces a more efficient transaction format. This combination can potentially address the scalability challenges faced by the Bitcoin network. However, it's worth noting that the decision to implement either proposal ultimately rests with the miners and nodes. They need to agree on the best approach to ensure the network's stability and growth. At BYDFi, we are closely monitoring these developments and supporting the Bitcoin community in making informed decisions.
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