Toms Blog

Where I talk about Bitcoin Cash and more

Re-thinking crypto transaction priorities

2017-09-19 Bitcoin cash
There is an air of oppression that lifted in the Bitcoin Cash ranks. This is still something we are getting used to, but the change is clear and the benefits are slowly being realized. We used to live with the people that want to forever have 1MB blocks and are still fighting against even a little increase on the SegWit2X chain. Those people were toxic, yes. But what is more important is that their ways of thinking affected everything about Bitcoin, and many times not for the better. Continue reading

Quadratic scaling of hashing time

2017-07-11 bitcoin
Theory In Bitcoin a transaction moves money from one address to another and in order to only allow the actual owner of money the ability to move this, we use cryptographic signatures. An owner of a Bitcoin address can only spend money by adding a cryptographic signature to a transaction that spends it. The act of adding a cryptographic signature includes the hashing of the entire transaction. As such the size of the transaction matters to the speed of this signing, as well as the validation of said signature. Continue reading

Scaling Bitcoin on chain

2016-07-11 bitcoin
One of the most talked about topics in 2016 when it comes to Bitcoin is the lack of a good plan for growing and scaling the system into the future. I find this curious, as anyone that starts to depend on any system should do at least some investigation on what kind of growth it can handle and whether it can actually do what we want it to, this year and 5 years or longer into the future. Continue reading