Friday, December 9, 2022

The Future of Bitcoin 2017 Series: Dagur Valberg Johannsson, BIP 100

The Future of Bitcoin 2017 Series: Dagur Valberg Johannsson, BIP 100

Emerging in 2015, BIP 100 was one of the first serious proposals for fixing the Bitcoin scalability issue. The community quickly forgot about it, though, as bigger and more controversial proposals soon followed — backed by industry giants. 

Also read: The Future of Bitcoin 2017 Series: Antony Zegers and Market Governance for Bitcoin

BIP 100: A Scaling Proposal

BIP 100 did not simply go away, though. It’s still around, and people continue to work on it. Dagur Valberg Johannsson is one of these developers, having worked on the May 2017 update to BIP 100 that brought it up to speed with recent developments in the scalability debate.

In his presentation at The Future of Bitcoin conference in Arnhem, Netherlands, Johannsson went over what BIP 100 does, and what has been updated in 2017.

At its core, BIP 100 allows bitcoin miners to dynamically choose the optimal block size through a vote. This scalability solution differs from other, more popular proposals. These other proposals either bring a uniform block size increase, or some kind of off-chain scalability.

In 2015, the community largely saw BIP 100 as the non-hard fork alternative to Bitcoin XT. In current terms, the divide resembles that of the battle between SegWit and Bitcoin Unlimited. However, the technical features differ widely between the two sets of proposals.

To learn about the details of BIP 100, and how it has been updated, watch Johannsson’s full-length presentation in the video down below:

About The Future of Bitcoin 2017

The Future of Bitcoin conference took place in June-July 2017 in Arnhem, Netherlands. Presenting at the event were several high profile individuals who will be making key decisions about what Bitcoin is, and how it works, in the years to come.

This is a comprehensive video series featuring all the speakers and panels from the 2017. event. Watch them for a direct insight into the minds engaged in research and development to keep Bitcoin disruptive, decentralized, global and permissionless.

Did you enjoy this video? Feel free to leave your comments below.

Image via The Future of Bitcoin

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