This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains.
Today, Bitcoin faces a challenge. There are two contradicting requirements necessary for success, and if we want to win, we have to find a way to satisfy both. First there is the requirement for security — it is paramount when billions of dollars are at stake. In the world of security professional paranoia and conservatism are a necessity. Any single change introduced into Bitcoin software is a potential security vulnerability. Ideally we would freeze Bitcoin’s codebase and then never introduce any changes that don’t fix security vulnerabilities.
This first requirement is already on its way to being satisfied with a creeping ossification, which is not a conscious strategy, but an accidental political reality established as a result of historical events and technological limitations. Every single change that touches consensus must go through a long, extensive and rigorous process...
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