Tag: block size

  • Bitcoin

    BTC Tops 159 Individual Countries in Energy Consumption at $2B

    According to data consultant Alex de Vries and his Bitcoin Energy Consumption Index, the process of transacting with and mining the digital currency translates to huge real-world energy consumption. So much so that verifying Bitcoin transactions tops 159 individual countries in energy consumption. In total, the whole Bitcoin network...

    Thomas Delahunty | February 4, 2018 | 9:59 pm
  • NewsBTC SegWit BU Status Quo
    Bitcoin

    3 Months Since SegWit Signalling Began, 54% of Miners Haven’t Voted

    One of the biggest “battles” going on in the bitcoin world goes between BU and SegWit. Three months ago, signalling for Segregated Witness was officially introduced on the bitcoin network. Things aren’t going as smoothly as people want it to, though. It appears as if SegWit support is...

    JP Buntinx | February 19, 2017 | 11:00 am
  • ViaBTC Bitcoin Core Debacle
    Bitcoin

    ViaBTC Publicly Calls Out Bitcoin Core Not Upping The Block Size

    Ever since ViaBTC launched their Transaction Accelerator, the company has been on an aggressive marketing path. Although it initially launched free of charge, users had to pay a small fee to use the TA less than 24 hours after launch. But it looks like ViaBTC wants to make...

    JP Buntinx | December 7, 2016 | 5:30 pm
  • Bitcoin Core Hardfork
    Bitcoin

    Bitcoin Core Developers Work On A New 2 MB Hardfork Proposal

    Solving the Bitcoin block size problem has been a top priority for developers over the past few months. Multiple solutions have been proposed, although only two of them are in actual “contention” right now. Bitcoin Core developers have begun development of a third solution that would shift the...

    JP Buntinx | December 4, 2016 | 1:45 pm
  • Bitcoin Mempool Fees
    Bitcoin

    New Bitcoin Mempool Backlog Crisis Has Been Averted, For Now

    The past 24 hours have been somewhat turbulent for the Bitcoin ecosystem. With the number of unconfirmed transactions surpassing the 43,500 mark just over a day ago, things weren’t looking great. But it looks like the mempool is showing signs of a desperately needed decline in unconfirmed transfers....

    JP Buntinx | October 27, 2016 | 1:00 pm
  • Bitcoin Unlimited Centralization
    Bitcoin

    Bitcoin Unlimited Adoption May Lead To Network Centralization

    Ever since Bitcoin Unlimited gained traction, there has been substantial debate regarding this solution. If all network nodes would be able to select their block size, an interesting future is created. However, this idea poses a set of new problems that need to be addressed in the future....

    JP Buntinx | October 24, 2016 | 1:00 pm
  • Bitcoin Scalability Voting
    Bitcoin

    Bitcoin Core Loses Support Amidst Lingering Scalability Issues

    The Bitcoin ecosystem is divided into multiple camps. With the lingering scalability issues, and other proposals representing an immediate solution to this problem, there is an interesting mid shift taking place. As it turns out, the majority of miners is still supporting Bitcoin Core in the block size...

    JP Buntinx | August 24, 2016 | 11:00 am
  • bitcoin core, miner

    The Fate of Bitcoin – Will it be Bitcoin Core, or Something Else?

    Bitcoin price has been exhibiting a downward trend from the past few days. The fall in Bitcoin price is attributed to uncertainties regarding the outcome of the meeting between Bitcoin Core developer group and miners. With the miners and developers continuing their meeting behind closed doors to discuss...

    Gautham | August 2, 2016 | 1:30 pm
  • Bitcoin Price Dips Again
    Bitcoin

    Bitcoin Price Drops As Block Size Uncertainty Looms Yet Again

    Bitcoin enthusiasts who have been looking at the price charts will have noticed things are heading in the wrong direction. The meeting between Bitcoin miners and Core developers is causing a lot of concern right now, resulting in a Bitcoin price crash. These closed-door meetings are having a...

    JP Buntinx | August 1, 2016 | 10:40 am
  • Chinese Mining Pools Collusion Hard Fork
    Bitcoin

    Chinese Miners Allegedly Planning to Hard Fork Bitcoin

    For those people who assumed the Bitcoin block size debate was settled once and for all, bust open the popcorn yet again. Chinese mining pools are colluding to hard fork and support 2MB blocks. In doing so, they would go against everything Bitcoin Core has been working on...

    JP Buntinx | July 1, 2016 | 9:30 am

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