Tag: scaling

NewsBTC Bitcoin Lightning Network

Lightning Network Inches Closer to Being Deployed on the Bitcoin Mainnet No Comments

The Lightning Network will be a game changer for Bitcoin. That is, assuming this concept comes to market in the near future. A lot of progress has been made behind the scenes as of late. A successful mainnet test, a new explorer, and more developers working on this technology are all positive developments. The wait for proper scaling and microtransactions as part of Bitcoin is almost over, by the ...


SegWit Transaction Percentage on Bitcoin Blockchain Dips Below 10% Again No Comments

The activation of Segregated Witness on the Bitcoin network hasn't done too many favors so far. The number of SegWit-capable transactions is still incredibly low. Without proper support form wallets and other service providers, this will not change. According to the charts, less than 10% of all transactions use this scaling solution. It is a very worrisome trend, to say the very least. Solving thi...


NewsBTC Bitcoin Rootstock Lumino

Bitcoin Scalability Will Improve Dramatically With Rootstock and Lumino No Comments

After all of the drama regarding Bitcoin Cash, it is time to go over important things. While making money is great and all, we should also pay attention to technical changes coming to Bitcoin. Rootstock, the platform which will bring smart contracts to Bitcoin, will launch very soon. This new 2-way pegged sidechan and merging mining will be an exciting development for the Bitcoin industry as a who...


Adam Back: Bitcoin has Edge Over Bitcoin Cash in Scaling No Comments

Adam Back, the inventor of HashCash who was cited in the original bitcoin whitepaper released by Satoshi Nakamoto, stated that bitcoin has an edge over Bitcoin Cash in terms of scaling, due to its infrastructure for second-layer payment channels. “SegWit is a bug fix to enable massive scaling on layer 2 and lightning. Bitcoin Cash intentionally removed the bug fix, think about that carefully. B...


The Centralization Issue of Scaling Bitcoin Solely by Block Size Increase No Comments

A block size increase from 1 MB to 2 MB or even to 8 MB will likely not lead to the occurence of severe technical issues that could negatively affect the bitcoin blockchain in the long-term. But, as bitcoin and security expert Andreas Antonopoulos explained at the 'Bitcoins in Bali' meetup on June 27th 2017, if the block size gets increased in orders of magnitude at a rate that is proportional ...


BitGo Engineer: Customers are Saving $100,000 in Bitcoin Fees Due to SegWit No Comments

Jameson Lopp, a prominent bitcoin developer and lead engineer at BitGo, revealed that some of the largest customers using bitcoin and blockchain security services of BitGo are saving as much as $100,000 on a monthly basis in transaction fees due to SegWit. Our largest customers who have upgraded to SegWit are saving nearly $100,000 a month in transaction fees. — Jameson Lopp (@lopp) November...


BitGo Engineer Jameson Lopp in SWAT Team Fiasco No Comments

Jameson Lopp, the outspoken Bitcoin commentator and BitGo engineer, has fallen victim to what appears to be an incident of "swatting". He suspects he may have been targeted for his views on the New York Agreement signed this summer which, if  enacted upon, will result in a second hard fork of the Bitcoin blockchain. Swatting, for those unaware, is a more extreme version of a classic teenage prank...


F2Pool is the First Mining Pool to Back out of Supporting SegWit2x No Comments

The SegWit2x Bitcoin scaling proposal has always gotten a lot of attention. That is not necessarily for the right reasons, mind you. A lot of people still oppose this concept first and foremost. It now turns out F2Pool is the first mining pool to officially back out from supporting this solution. An unsurprising turn of events, really, as it seems pool operator Wang Chun never supported the hard f...


viabtc, bitcoinabc, bitcoin, bip148

ViaBTC Creates BCC/CNY Pair, Prepares for Eventual BitcoinABC Fork No Comments

The Bitcoin community has been experiencing lots of uncertainty in the past few months, thanks to the discord between the development community and others regarding scalability solutions. The attempt to activate SegWit and its opposition with an alternative solution by the rival camp threatened to fork Bitcoin into two separate cryptocurrencies, while rest of the community braced for disruption of...


SegWit2x Beta Protocol and new UAHF Proposal Have Been Released No Comments

Bitcoin enthusiasts are keeping a close eye on SegWit2x. This scaling proposal now finally has a beta protocol, which was introduced on Saturday. It is evident the team still plans to go ahead with their user-activated hard fork. At the same time, a new UAHF proposal is making the rounds, known as Bitcoin ABC. It is evident the scaling debate is far from over. The coming weeks will be quite intere...


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