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 Keys A Visual Flow Chart
It seems July 17 has initiated the beginning steps towards Segwit2x activation as the code has been released and miners who supported the “New York Agreement” (NYA) have started running the new BTC1 software. Also read: A Brief Glimpse Into the Lives of Chinese Bitcoin Miners Miners Begin Running the New Segwit2x Software As the price of bitcoin dropped to new
Major mining pool and bitcoin exchange Viabtc has announced the launch of their new mining pool designed for “Bitcoin Cash” (BCC). These tokens are the result of plans to hard fork Bitcoin and run the Bitcoin ABC client. Also read: Segwit2x Beta Released and New UAHF Code Proposal `ABC´ Removes 1MB-Limit Viabtc Introduces the Bitcoin Cash Token Cryptocurrency mining pool
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 on block size and utxos.
This week the price of bitcoin has been descending downwards following a bearish trendline and is currently hovering just around the US$2000 range. The price started its downtrend on July 10 after staying around the $2550 territory for a few days, but subsequently started dropping to a low of $2225 on July 14. At press time the price of BTC is struggling
If you’ve been listening to the bitcoin ‘community,’ you’d know in about two weeks the bitcoin network may face some protocol changes. Due to the possible user-activated soft fork (UASF) planned and the chance some groups may counter this plan, this has created thousands of discussions concerning August 1. Now the bitcoin-focused web portal Bitcoin.org has issued a warning on
The scaling discussion has been a long and exhausting debate that has been going on for many years. Currently, there are a couple of proposals like UASF and Segwit2x that may be coming to the Bitcoin network in the near future. However, as many people are calling Segwit2x the last chance for the Bitcoin ‘community’ to come to a consensus