Archive | consensus

Bitcoin Cash Markets Remain Resilient As the Network’s Upgrade Approaches

It’s been a crazy week for cryptocurrency enthusiasts as the digital asset ecosystem is still reeling over the canceled Segwit2x fork that was expected to take place on the Bitcoin network next week. Over the course of the past few weeks leading up to the planned 2MB Segwit2x hard fork, Bitcoin Cash (BCH) markets have […]

Segwit2x Developer Says November Hard Fork is Full Steam Ahead

The Segwit2x working group has been quiet lately, but now it seems the development wheels are turning once again. On Wednesday, October 25 the lead developer of the Segwit2x (BTC1) working group, Jeff Garzik, addressed the public with a status update. According to Garzik, everything is “still full steam ahead for Segwit2x upgrade” scheduled for […]

Bitpay Will Not Suspend Services — ‘Very Little Risk of Network Disruption on August 1st’

On July 27 the world’s largest bitcoin payment processor, Bitpay, announced its plans for August 1st. According to the company, there is a lot of “misinformation” concerning updating Bitcoin’s consensus rules and the firm does not plan to suspend services that day.   Also read: Fork Watch: These Bitcoin Exchanges Will Not Support ‘Bitcoin Cash’ Bitpay Thinks […]

Charlie Lee Resigns From Coinbase to Focus on Litecoin

Founder of Litecoin, Charlie Lee, tweeted Friday that he will no longer be working for Coinbase. He is leaving the company to focus on his brainchild creation, Litecoin. This news comes as a welcome surprise to the Litecoin community, who are entering into a new stage of maturation, as they recently elected to activate segregated witness. […]

56 Bitcoin Companies Approve Segwit-2Mb Combined Fork Plan

Barry Silbert’s firm the Digital Currency Group (DCG) revealed a scaling agreement on May 23 with a letter of intent backed by 56 Bitcoin companies, for Sergio Demian Lerner’s recent Segwit-2Mb plan. The announcement states the signed agreement represents a “critical mass of the bitcoin ecosystem” with 83.28% of hash power supporting the proposal. Also […]

Sidechain Juggernauts RSK Labs Launches Ginger Testnet After $3.5M in New Funding

The highly anticipated project by RSK Labs officially moves into open beta status today with the launch of their public testnet named Ginger. The company is inviting everyone to try out their smart contracts using Bitcoin with their ethereum-like sidechain. They have also secured new funding that will allow them to take the project to full […]