Whether or not the New York Agreement is still a viable Bitcoin scaling solution remains a topic of substantial debate. With a few mining pools reneging on their initial support already, things are not looking good. Chinese mining pools still see it as a viable solution to combine Segregated Witness with a 2MB block size. However, […]
Bitcoin Core now bans nodes running SegWit2x code. This sets the stage for even greater turmoil as November blocksize doubling deadline approaches.
Below is a detailed flow chart graphic that depicts the possible outcomes to the upcoming scaling proposals that may be implemented in the near future. We hope to help our readers get a better understanding of what’s going on with these specific Bitcoin network developments. Also Read: The Blockchain Split Scenario: Staying Informed and Backing Up Bitcoin […]
A Twitter user named LaurentMT has been battling his very own “Moby Dick.” He implied the White Whale has come in the form of a spam attack on the network, which has caused blocks to consume too many utxos (unspent transaction outputs) in the system in recent weeks. The user commented on Twitter in a series of charts, primarily containing information […]
The popular online bitcoin wallet, Blockchain.info, has announced the completion of a successful series B funding round by raising $40 million. The company started its services back in 2011 and aims to continue making digital currencies easier to use for everyday people. Also Read: State of Montana Funds Bitcoin Mine to Bolster Local Jobs Blockchain Raises […]
On June 16 the alpha code for the scaling solution Segwit2x was released to the public following a large number of mining pools having vocally supported the plan. Since then a large majority of miners who back the Segwit2x roadmap have started signaling with their hashrate. Also Read: Australian Opposition Leader Believes Bitcoin is Fueling […]
A new agreement has been struck among Chinese Bitcoin exchanges and mining companies representing the majority of Bitcoin’s hashing power. They agree to accelerate the development and activation of the Segwit2x scaling upgrade. Also read: Bitmain Announces Hard Fork Protection Plan Against UASF Miners Supporting Segwit2x Segwit2x, also known as the New York Agreement, is an […]