The Fate of Bitcoin – Will it be Bitcoin Core, or Something Else?
The closed-door meeting between Bitcoin Core developers and miners has affected the prices. With no information about the progress, price continues to fall. 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 the future of Bitcoin, the digital currency community is left speculating about the future of Bitcoin. The Bitcoin network is in need....
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Bitcoin Improvement Proposals (BIP) are proposals for making change to the Bitcoin network. These proposals on the blockchain are activated after gaining the required consensus from the Bitcoin community. While it is a standard practice for Bitcoin Core developers to introduce BIPs, these may require more than just technical expertise to ensure positive growth of Bitcoin as a currenc. Over the past two years, a number of Bitcoin Improvement Proposals have been put forth by various members of the Bitcoin community. These proposals call for the block size to be increased from anywhere....
On Tuesday, November 23, the closing arguments for both sides of the Kleiman v. Wright trial finished and now ten jurors will decide the fate of the billion-dollar bitcoin lawsuit. While Craig Wright claims he’s Satoshi Nakamoto, he also insists the now-deceased Dave Kleiman did not help with the creation of Bitcoin. The plaintiffs are hoping to win an incredibly large sum of money and intellectual property (IP) estimated to be worth billions of dollars.
Kleiman v. Wright Trial Nears the End
The infamous Kleiman v. Wright trial is nearing its end and the cryptocurrency....
There is a misconception in the bitcoin community that the roadmap for how bitcoin should scale is based almost entirely on the technical judgment of the Bitcoin Core developers. While the Bitcoin Core roadmap does draw heavily on the substantial technical expertise of the Core developers, there are many non-technical factors that influence the Core roadmap. Many people agree with Core on all of the technical issues, yet still disagree with their roadmap. That's because the roadmap is based on assumptions about economics, group psychology, ethics and many other things which we have no....
The recently released Bitcoin Core version will soon be implemented by the bitcoin mining pools as they take necessary steps to ensure smooth transition. The Bitcoin Core has received an upgrade. The new update- Bitcoin Core 0.12.1 will soon be incorporated by all the mining pools. Unlike other updates, the Bitcoin Core 0.12.1 is more focused towards improving the scalability of the Bitcoin network. Some of the main features of this new update include support for four different Bitcoin Improvement Proposals – BIP 9, BBIP 68, BIP 112 and BIP 113. The inclusion of these new BIPs makes....
The number of Core nodes serving Bitcoin has dropped below 70% of the total for the first time in history. “If you’re not running a node, you’re not really using Bitcoin,” Core developer Luke Jr. wrote on Reddit in August. After months of debate on the block size issue, however, his comments have taken on an ironic light. The latest data shows that with....