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Scaling Bitcoin network seems to have turned into a much harder task than anyone had ever anticipated. The Bitcoin network is growing each passing day with new members joining the community. The increase in the number of users translates to increased transactions over the network. In the current...
There is a lot of focus on the future of Bitcoin right now, as the upcoming block size is still being discussed by various developers. At the same time, there seems to be a fractured community, with various people supporting different solutions to this problem. For a digital...
The news this past week has been dominated by the announcement of Mike Hearn leaving the Bitcoin scene for good. Hearn posted a very long and detailed explanation of why things are not going the way he thinks they should in the world of Bitcoin, and his words...
Mike Hearn, former Bitcoin Core developer and the main person behind Bitcoin XT along with Gavin Andresen has made it to the headlines of almost all major tech, business and cryptocurrency news publications out there. It all happened after he wrote a blog announcing his departure from the...
[Update 1345 GMT 12/12/16: Coinbase has been reinstated on Bitcoin.org] Bitcoin wallet company Coinbase today clarified that it was never going to abandon Bitcoin Core for its scalable version XT. The statement came in response to the certain allegations made by Bitcoin.org’s moderators Cøbra and Theymos. They had criticized the San Francisco startup and its...
Bitcoin XT, also known as BIP-101 (Bitcoin Improvement Proposal -101) has been making a gradual progress. Bitcoin XT was introduced by two Bitcoin Core developers – Gavin Andresen and Mike Hearn. It is supposed to be one of the answers to the prevailing Bitcoin block size issue. Bitcoin...
Leading bitcoin wallet service provider and payment processor Coinbase has officially announced that the firm has begun running Bitcoin XT (BIP 101) in production as an experiment. Bitcoin XT is an implementation of a Bitcoin full node which utilizes the same data directories as Bitcoin Core. The proposal...
A number of news reports have alleged that Bitcoin XT users have been suffering coordinated hacking attacks. Recall that this version of the bitcoin software was released last month in order to force the network into a hard fork between the earlier Bitcoin Core software. Bitcoin XT was created...
A few weeks back, the bitcoin network was subjected to a hard fork wherein two different versions of the software have been running. For developers Andresen and Hearn, this could allow the system to make a decision based on consensus when it comes to the bitcoin block size...
CoinWallet, the UK based bitcoin buying and selling platform has planned to conduct another stress test on the bitcoin network. The company just cannot seem to have enough of these tests, disrupting the service each time. However, what CoinWallet is out to do maybe blatantly illegal and in...
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