Core Dev Dashjr Anticipates Mass Miner Exodus
03 March 2016 – Dashjr, Bitcoin Core Developer, has made a novel proposal to solve the risk associated with the upcoming Bitcoin halving in July on development mailing lists. Instead of implementing a scaling solution, he suggests making adjustments to the code that governs difficulty of mining blocks. Bitcoin development has slowed significantly amidst controversy generated in the community over exactly how Bitcoin should scale, and the hard fork Dashjr proposes acts as a contingency plan in case this trend continues.
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The well known software developer Luke Dashjr is in the midst of controversy over how to upgrade the Bitcoin network in order to add the Taproot protocol. Bitcoin Core developers want to upgrade with “Speedy trial,” which will allow miners to push the feature through. However, Luke Dashjr wants to upgrade in a different manner, and considers the proposal an “attack on Bitcoin” as it’s “not a good thing” from his perspective. Bitcoin Developers Find Controversy Over Taproot Activation Bitcoin developers have revealed “Speedy trial support for....
Bitcoin Core launches Social media accounts as well as a public Slack in an attempt to interface more directly with the community. This follows a controversial hashing algorithm change proposal that could have made bitcoin less accessible, altering the utility of the entire specification. Negative Response to DOA Hard Fork. Dashjr, an influential Bitcoin Core developer, proposed a hard fork that would change bitcoin to another PoW algorithm on the 17th, as an alternative to block size increase. The need for these changes stems from the perception that mining hash power is becoming....
With growing concerns regarding the Chinese miners’ “monopoly” over bitcoin hash power, influential Bitcoin Core developer Luke Dashjr proposed a Proof of Work algorithm change on January 17, 2016. The Bitcoin network’s proof-of-work scheme is based on SHA-256, which was introduced by the creator of bitcoin Satoshi Nakamoto as a part of the digital currency. Today, various cryptocurrency have adopted alternative hashing algorithms used for proof-of-work such as scrypt, Blake-256 and CryptoNight, Dashjr, posted a GitHub pull request titled “HARDFORK: Fix mining centralisation,” to receive....
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