December 2, 2024

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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.

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