Tuesday, January 31, 2023

The Future of Bitcoin 2017 Series: Andrew Stone on FSH Extension Blocks

The Future of Bitcoin 2017 Series: Andrew Stone on FSH Extension Blocks

Upgrading Bitcoin is like repairing a plane in flight — where all the passengers are pro wrestlers and attacking each other, says Andrew Stone of Bitcoin Unlimited. There has to be a way to test upgrades safely, and without sandboxing or creating more altcoins.

Stone: Use FSH Extension Blocks to Test Upgrades Without Disruption

In this video, Stone presents on the topic of “FSH Extension Blocks”. The term, meaning “federated signature, soft/hard fork extension blocks”. It allows new solutions to be deployed live on the network without disruption.

FSH extension blocks, Stone says, follow the same security model as federated side chains and transactions are atomic, making them more versatile than other extension blocks. He describes the advantage of creating “appcoins” using FSH extension blocks and how they could help test scaling solutions — allowing miners to move smoothly to soft and hard forks to make changes permanent.

He describes the structure of an FSH extension block as proposed by Bitcoin Unlimited, how the network can confirm one of the blocks per minute (1o per Bitcoin block), and how they would handle fees.

BU’s philosophy is to develop “market-based” solutions for Bitcoin, allowing stakeholders to make key decisions.

Want to hear all the details? Watch the full video:

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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