Scaling Bitcoin Conference Criticized For Rejecting Bitcoin Unlimited Proposals
The organizers of Scaling Bitcoin Conference, which is supported by the Bitcoin industry’s leading companies including Blockstream, BTCC, Kraken, and BitFury, were criticized by the Reddit BTC community for rejecting all four proposed presentations from the Bitcoin Unlimited team. Scaling Bitcoin Conference workshops and conferences are designed to discuss the implementations of various innovative technologies in scaling the Bitcoin network efficiently and securely. The industry’s top wallet service providers, exchanges, trading platforms, and mining companies sponsor and host the....
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A controversial bitcoin alternative may be making a comeback. With such a large community, bitcoin has perhaps inevitably seen disagreement about its future development. Having launched earlier this year, Bitcoin Unlimited grew out of an active movement to quickly pick up bitcoin's userbase by increasing the block size, or a hardcoded limit on the number of transactions that the network can process per block. This is a contentious change that many Bitcoin Core developers don't support. But while its developers were quiet for a while, the alternative bitcoin implementation has seen a....
The team behind a long-contentious proposal to upgrade the bitcoin protocol has announced it is making new funding available for research. In a blog post today, the Bitcoin Unlimited team revealed it has "several hundred thousand" dollars available to fund work it believes will help restore "Satoshi’s vision" for a global peer-to-peer digital cash system. The statements reflect criticisms of Bitcoin Core, the protocol's dominant development team, who have pushed to implement top-level networks that extend bitcoin's functionality without altering its current blockchain....
The percentage of blocks that are signaling support for Bitcoin Unlimited has surpassed Segregated Witness, making it the most popular scaling solution at the moment. Scaling Bitcoin. Scaling is the most important and pressing issue in Bitcoin at the moment. The current block size capacity allows for three to seven transactions per second to be made in the network. With many blocks getting close to being full, the Bitcoin network will soon be unable to support its growing user base, which means that users may be subject to larger-than-usual fees or delayed confirmation times. As so, there....
Previously, Cointelegraph reported that Bitcoin price declined to $926 due to hard fork contingency and the likelihood of Bitcoin Unlimited being forked by its closed group of developers. Bitcoin price bounced back to $1,115 in the earning morning of March 22. However, almost immediately after Bitcoin price recovered back to the $1,115 margin, it plummeted to $1,010, due to the ambiguity surrounding the execution of the Bitcoin Unlimited hard fork. Because of the possibility of Bitcoin Unlimited creating a split chains and two tokens of the Bitcoin network, both investors and traders worry....
On September 25 in San Francisco, the Bitcoin scaling conference, “Satoshi’s Vision: Bitcoin Development & Scaling Conference,” will try to solve a long-term problem faced by Bitcoin enthusiasts: how to alter allow the protocol to handle higher transaction volumes. Another Attempt to End the Block Size Debate. Bitcoin Blocks are limited to 1MB in....