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You're reading from  Mastering Blockchain.. - Third Edition

Product typeBook
Published inAug 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781839213199
Edition3rd Edition
Languages
Solidity
Tools
Blockchain
Concepts
Cryptocurrency
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Author (1)
Imran Bashir
Imran Bashir
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Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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Innovation in Bitcoin

Bitcoin has undergone many changes and is still evolving into a more and more robust and better system by addressing various weaknesses in the system. Performance has been a topic of hot debate among Bitcoin experts and enthusiasts for many years. As such, various proposals have been made in the last few years to improve Bitcoin performance, resulting in greater transaction speed, increased security, payment standardization, and overall performance improvement at the protocol level.

These improvement proposals are usually made in the form of Bitcoin Improvement Proposals (BIPs) or fundamentally new versions of Bitcoin protocols, resulting in new networks altogether. Some of the changes proposed can be implemented via a soft fork, but a few need a hard fork and, as a result, give birth to a new currency.

In the following sections, we will look at the various BIPs that can be proposed for improvement in Bitcoin. Then, we will discuss some advanced...

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Mastering Blockchain.. - Third Edition
Published in: Aug 2020Publisher: PacktISBN-13: 9781839213199
© 2020 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Imran Bashir

Imran Bashir has an M.Sc. in Information Security from Royal Holloway, University of London, and has a background in software development, solution architecture, infrastructure management, and IT service management. He is also a member of the Institute of Electrical and Electronics Engineers (IEEE) and the British Computer Society (BCS). Imran has extensive experience in both the public and financial sectors, having worked on large-scale IT projects in the public sector before moving to the financial services industry. Since then, he has worked in various technical roles for different financial companies in Europe's financial capital, London.
Read more about Imran Bashir

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