Bitcoin Roundtable Announcement Thwarts Bitcoin Classic Launch
Bitcoin Classic, the Bitcoin implementation set to double Bitcoin's 1 megabyte block size limit by a hard fork, suffered a significant setback shortly after its official release this week. A group of prominent exchanges, mining pools and other industry players organized under the “Bitcoin Roundtable” collective, stated publicly they will not switch to....
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If you’re looking for some insights from the recent Bitcoin Roundtable consensus, you’re in the right place. The Bitcoin Roundtable meeting was seen as an essential step for the bitcoin community. Samson Mow, chief operating officer of BTCC — a China-based bitcoin exchange and mining pool — is a key participant of the scaling bitcoin debate, Bitcoin Core v. Classic, and is vocal in his intention to motivate the majority of the bitcoin community to stay with Bitcoin Core. Mr. Mow runs the day-to-day operations of BTCC, one of the largest Bitcoin companies in the world with a considerable....
Bitcoin Roundtable has shot down the Bitcoin Classic proposal to introduce a new set of conditions which it wants the Bitcoin community to follow. 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 state, the Bitcoin network will not be able to process all the transactions immediately as they are generated. This will lead to an increase in....
The Bitcoin Classic team has announced the release of Bitcoin Classic 1.2 beta on GitHub, a release that will include a whole host of new features like TransFlex, which, according to the announcement, will solve transaction malleability problems. Bitcoin Classic Tackles Transaction Malleability With New Update. While there are other added features, the....
February 20, 2016 – Coinbase CEO Brian Armstrong reacts, along with various bitcoin developers, as well as the Co-Founder of Blockstream to the 18-hour long “Consensus Roundtable” that disbanded today in Hong Kong. The roundtable members represented a majority of bitcoin mining hashpower, with members representing the bitcoin development and exchange community noticeably under-represented. The response from these communities has been overwhelmingly negative to the resolutions outlined in the closed-door meeting.
The invitation-only Satoshi Roundtable conference is set to convene for the second year in a row, this time at an undisclosed location in North America. To be held from 26th to 28th February, the event follows the inaugural edition of Satoshi Roundtable, which garnered criticism at the time of announcement for an alleged lack of transparency and air of secrecy. Though it eventually opened its doors to limited media presence, this year's event, by contrast, will be closed to the public. Among the 60 attendees will be representatives from the mining and development sectors of the bitcoin....