Bitcoin BIP's And Miner Signalling | Hashpower Academy

Welcome to Hashpower Academy, where we decode Bitcoin’s evolution. In “Bitcoin BIPs and Miner Signalling,” we explore how miners greenlight developer-driven upgrades like SegWit and Taproot.

What’s Covered:

BIPs explained: Bitcoin Improvement Proposals—devs’ blueprint for change.

Miner signalling: How miners vote with hashrate to lock in upgrades.

SegWit saga: BIPs 141, 91, 148—miners’ slow signal, then 100% consensus.

Taproot tale: BIPs 340-342—Speedy Trial, 90% signal, smooth rollout.

Layer 2 boost: SegWit and Taproot power Lightning and beyond.

Key Insights:
Signalling mechanics: Miners add bits to blocks—90-95% seals the deal.

SegWit’s fight: Miners resisted, then flipped—scaled BTC via soft fork.

Taproot’s win: Fast consensus—privacy, scalability, smart contracts.

Core devs’ role: Propose, refine, test—miners just signal the go.

Why Watch:
See how devs and miners sync to shape Bitcoin.

Grasp SegWit and Taproot’s game-changing impact.

Join Hashpower Academy to unpack BIPs and miner signalling—watch now and master Bitcoin’s upgrades!

Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Engaging with Bitcoin involves high risk, including potential financial loss, market volatility, and energy costs, and is suitable only for those who can bear these risks. Always conduct your own research and consult with a qualified financial or technical advisor before making decisions related to Bitcoin.

#Bitcoin
#BIPs
#MinerSignalling
#SegWit
#Taproot
#BitcoinDevs
#BitcoinCore
#CoreDevs
#Layer2
#BitcoinCore
#CryptoDevs
#Blockchain
#BitcoinUpgrades
#DevConsensus
#LightningNetwork
#SmartContracts
#BTCDev
#CryptoTech
#BitcoinMining
#ProtocolChanges
#DecentralizedDev

Video Transcript:

hello there and welcome to another video from the hash power Academy this one goes in a bit of a different direction focused on the particular people and entities and functions of different areas of the network for example the Bitcoin miners producing their commodity of hash rate signals to the Bitcoin developers introducing Bitcoin Improvement proposals now for example segwit in 2017 changed the Bitcoin blockchain so that block space was more optimized and available but it required 95% of the miners and their compute power to signal for that change to be made otherwise the network would have literally forked and split and it’s the same with tap rot for about 90% of the miners having to have consensus in 2021 with their compute power and the blocks that they mind that they wished for this Bitcoin Improvement proposal to go through and interestingly enough different people of the network fit in different areas you got the miners the pools the developers and their nodes and Bitcoin the assets money and Hardware wallet manufacturers and all these sorts of things and energy sector side down here and yeah there’s all different people working in different areas of the Bitcoin network but it all coordinates and works together and truly the the mathematical steps all the way through are the best way to to learn hope this was interesting see you in the next video goodbye

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