Tag: Segregated Witness

Bitcoin Fees Significantly Decline as SegWit Adoption Reaches 14.5% No Comments

Within the past week, the percentage of Segregated Witness (SegWit)-enabled transactions in the Bitcoin network has increased from 9 percent to 14.45 percent, decreasing Bitcoin transaction fees, the size of the Bitcoin mempool, and blocks. SegWit nears 15%. Transaction fees down. Average #bitcoin block size 0.82 MB. Most importantly, Bitcoin mempool size at 6 million. pic.twitter.com/FSuqSaOqJ...


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Bitcoin Core Consensus Can Disrupt Bitcoin Classic Adoption No Comments

The future of Bitcoin development has taken an interesting turn in the past 24, as the Bitcoin Core developers and close to 80% of the network mining power - read: pool operators - have agreed on hard forking Bitcoin. Such a magnanimous event is a world’s first for the bitcoin ecosystem; a shard forking has been out of the question up until now. But what will this agreement do for Bitcoin Classi...


Bitcoin Roundtable May Have Found an Agreeable Solution for Block Size Issue No Comments

Bitcoin network may be eventually heading towards the hard fork even after the Bitcoin Roundtable community disagreed with the idea of creating a hard fork of blockchain. According to the community, there is a possibility of the hard fork creating two separate blockchains that do not communicate with each other. In such circumstances, the whole bitcoin network can be segmented into two versions, o...


F2Pool Welcomes Bitcoin Classic Hard Forking Solution But Does Not Actively Support it

Segregated Witness Will Not Block Other Bitcoin Development Needs No Comments

A new announcement was made by the Bitcoin Core developers, detailing how they are progressing with the Segregated Witness implementation. Some fundamental issues need to be addressed with the current proposal, and Jeff Garzik wrote a lengthy post on how the team is planning to discuss these topics. But the bigger question is: how will the Bitcoin community move forward from here on out? Address...


Erik Voorhees Two Moves Could End the Bitcoin Civil War. newsbtc

Erik Voorhees: Two Moves Could End the Bitcoin Civil War No Comments

Bitcoin Core has made significant progress over the past few weeks in creating a more viable atmosphere to communicate with the bitcoin community. Core has successfully completed the launch of BitcoinCore.org to introduce updates of Bitcoin Core, the adoption rate of Bitcoin Improvement Proposals with a list of companies and their progress in integrating mechanisms such as Segregated Witness, w...


Chinese Mining Pools Worried About Immature Segregated Witness Proposal No Comments

As if the Bitcoin community was not sick and tired of the ongoing block size debate just yet, it looks like the Chinese miners have come to a consensus of their own. The plan is to reject any forking of Bitcoin that does not gain 90% consensus or more while still favoring a 2 MB block size increase. During a recent meeting between mining pool operators, various security concerns associated with Se...


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