How can UASF and BIP148 contribute to the decentralization of digital currencies?
NnhatvvDec 25, 2021 · 3 years ago1 answers
Can you explain how User Activated Soft Fork (UASF) and Bitcoin Improvement Proposal 148 (BIP148) can play a role in promoting the decentralization of digital currencies? How do these initiatives impact the overall structure and governance of digital currencies?
1 answers
- Dec 25, 2021 · 3 years agoAs an expert in the field of digital currencies, I can confidently say that UASF and BIP148 are crucial for the decentralization of digital currencies. These initiatives give more power to the users and reduce the influence of centralized entities. With UASF, users can enforce new rules on the network, ensuring that decisions are made collectively. BIP148, as a specific implementation of UASF, focuses on activating SegWit, a technology that improves the scalability and security of digital currencies. By promoting the adoption of SegWit, UASF and BIP148 contribute to a more decentralized and resilient digital currency ecosystem. At BYDFi, we fully support these initiatives and believe in the power of decentralization.
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