to leave a comment.
▲ Bitcoin (BTC)
Adam Back, CEO of Blockstream and a heavyweight in the Bitcoin (BTC) community, has strongly criticized the BIP-110 proposal. He described the proposal as a Trojan horse threatening the Bitcoin ecosystem, arguing that it is a serious downgrade that undermines network security.
According to U.Today on March 16 (local time), Back warned that adding new code to the Bitcoin system is dangerous. BIP-110 attempts to expand network functionality. He analyzed that the more complex the functionality becomes, the higher the likelihood of security vulnerabilities. He emphasized that the essence of Bitcoin lies in simplicity and robust security.
Some developers support this proposal to run smart contracts on Bitcoin, aiming to strengthen Layer 2 solutions and expand the ecosystem. However, Back countered that such changes could shake Bitcoin's identity. "We must not abandon the foundation of security under the guise of feature expansion," he asserted.
Currently, Bitcoin price is engaged in a fierce battle to reclaim the $73,000 mark. As technical debates intensify, investors are paying close attention to the direction of network upgrades. Blockstream maintains that Bitcoin should adhere to a conservative development approach. The confrontation with the faction demanding innovation is expected to deepen.
The technical stability of the Bitcoin network is directly linked to its asset value. Indiscriminate code introduction could cause market confusion. Developers are continuing discussions to find the optimal consensus between security and technological advancement.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
to leave a comment.