Skip to content

Bitcoin in 2018

1 min read

I really enjoyed Jameson Lopp's data-driven post about the Bitcoin network in 2018.

Here are some of the highlights:

  • Economic activity on Bitcoin dropped throughout the year, but much less than the price.
  • The network became more performant in various aspects like the block propagation time & the time to sync a full node.
  • Development of the Lightning Network is going strong. I suspect this is still experimental usage. i.e. People setting up Lightning channels to test it rather than actually buying things. But encouraging nonetheless.
  • The pace of development of Bitcoin core is strong and has seen no decline.

It's interesting to contrast Bitcoin's path with Ethereum. In Bitcoin, there is a great focus on improvements and efficiency. Experimentation is pushed off-chain. In Ethereum, everything is always in flux and the roadmap and direction change frequently.  Ethereum 2.0 is even a new start from scratch rather than an improvement of the current Ethereum.

Both are viable directions. And both are invaluable for us actually getting to a more efficient and decentralized world. The relentless focus of Bitcoin just as much as the wild ambition of Ethereum.

Ghost Twitter

You can delete this user to remove all the welcome posts