Ethereum: An invisible contribution to Blockstream developers to Bitcoin Project
As the debate between Bitcoin fans and lawyers continues, it is natural for us to hear questions about who made it and what has significantly contributed to the Bitcoin project. In this article, we are immersed in the less well -known history of blockstream developers and their role in developing the future of cryptocurrencies.
Partnership born from mutual respect
Founded by Blockstream, leading cryptocurrency development company Greg Smith, Daniel Arras and Vitalik Buterin in 2014. Initially, they focused on building the individual blockchain platform for corporate customers. However, the popularity of Bitcoin is also an interest in developers, who wanted to create more scale solutions.
Cooperation and knowledge sharing
In 2017, Blockstream launched the open source Ethereum project, which was a significant milestone in the development of decentralized internet. The company saw the opportunity to exploit its expertise on the unique blockchain platform and to work with Vitalik Butterin’s own team in Ethereum.
According to Greg Smith, a key contributor to the Ethereum project, “we realized that unique blockchain platforms were suitable for Ethereum scalability and performance requirements, and decided to partner with Vitalik to bring these solutions to Ethereum to Ethereum These solutions. “
This collaboration has led to a significant increase in Ethereum’s adoption rate, as developers can now take advantage of Blockstream’s expertise to build more efficient and scalable applications on the platform.
Effect on bitcoin
While Blockstream contributions are often overshadowed by their work on Ethereum, these also provided a significant contribution to the wider Bitcoin project. For example, in 2019, Blockstream developed a new consensus algorithm called Casper, which aims to improve the scalability and safety of the Bitcoin network.
Casper was designed with cooperation in mind, allowing developers to contribute to the project and test its new features before being released to the public. This approach has led to a more inclusive and dynamic development process for the Bitcoin community.
Open source contributions
Blockstream is also known for their open source contribution to the Ethereum project. In 2018, the “Ethereum-Go” code base, which provided a solid foundation for the upcoming Go Consensus algorithm, was released. This edition not only helped to accelerate the development of Ethereum, but also improved the general security and scalability of the network.
Conclusion
The history of contributing to the Blockstream Bitcoin project is mutual respect and cooperation. Particularly with the Vitalik Butterin Ethereum team, Blockstream was able to lead their expertise on the unique blockchain platform to wear the project’s new consensus algorithm.
Although their work was not unnoticed, it is essential to remember that the true value of Blockstream’s contributions lies in their commitment to open source innovation and cooperation. By embracing these values, we can create a more lively and more inclusive developers who are committed to creating a better future of cryptocurrencies.
