Bitcoin debate heats up over software revamp

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Bitcoin Debate News

Bitcoin

Bitcoin blockchain’s reputation as a network that mainly supports digital gold may be changing.

reputation as a network that mainly supports digital gold may be changing as efforts gain traction to add new features via a software upgrade to its code.

In fact, it’s been left unchanged on purpose, as the fewer the changes, the more likely it is to remain stable and secure, the logic goes. Some believe OP_CAT could be the first step toward challenging that notion, and heavyweights in the crypto space are starting to sign onto the idea. “It’s a good idea because bitcoin custody benefits from some extra programmability,” said Adam Back, CEO of Blockstream, focused on bitcoin technology. “And extra programmability enables more layer-2 capabilities.”Those capabilities, for example, create better bridges with second-tier blockchains, making it more secure and easier to do transactions.

“I don’t care what technology primitive bitcoin gets under the hood,” Rubin said. “If we got OP_CAT, that will be fantastic. If we get OP_CTV, that will be fantastic.”

 

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