Can you please ELI5 the drama with the scaling, SegWit and BIP148 issues?

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Hi,

I follow on the side the news about bitcoin and other crypto-currency since a few years now. However, I'm not very a hardcore technical crypto user and I'm not a total noob neither (I already bought a small amount of BTC a year ago and spend them online).

I would really appreciate if someone can explain to me with easy to understand explanations the following things:

  • Why some miners are blocking solutions like SegWit or BIP148? I mean if they make their profits in Bitcoin, it should also be in their interests to fix the current technical bottleneck of the bitcoin network?

  • What is basically the difference between SegWit, BIP148 and Lightning (pro and cons in non technical terms)? I heard that they are all potential solutions to the scaling and speed of the transaction problems but I don't know much more about those solutions.

  • What is most likely to happen from here to resolve all this drama?

Thanks!

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247 Bitcoin

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


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