What is BIP 148?

BIP 148 is a user-activated gentle Fork (UASF) in Bitcoin that enforces the usage of the Segregated Witness or SegWit Protocol, that's a alternate that offers with a bitcoin Block Size hassle through keePing apart the Digital Signature from the original section of the Block. As a gentle fork, BIP 148 does now not inherently split the commUnity. BIP 148 calls for bitcoin miners to sign for SegWit, this means that they display that they're equipped to use bLocks with the SegWit protocol.

What Does BIP 148 Mean?

Over the summer time of 2017, BIP 148 turned into proposed via participants of the bitcoin Network. On Implementation, bitcoin miners rallied and Signaled guide for SegWit, preempting further action. However, other Events like a miner-activated fork are on the horizon for bitcoin. Essentially, forks take place when there isn't Node consensus on bitcoin, when now not absolutely everyone consents to do the same issue. Because bitcoin is a non-regulated, decentralized Device, there are any Variety of disagreements that bring about forks. Hard Forks can split the commuNity. For example, the eMergence of Bitcoin Cash is an Instance of a difficult fork that ended in separate bitcoin cryptocurrencies.

Understanding BIP 148 and associated efforts means expertise how bitcoin miners and users paintings. Miners look for to be had blocks, and have their Personal incentives. Users may additionally endorse a rule that miners do not need to enforce. The relaxation is basically semantic juggling related to seeking to Construct consensus and manage the inherent chaos of an unregulated Cryptocurrency sySTEM.