80% Of Bitcoin Miners Agree on July 2017 Hard-Fork
Amid a bull run in prices, 80% of Bitcoin’s mining power has officially come out in support of a hard-fork which could be standard for all users “around July 2017.” A round table group of signatories including several mining pools, as well as exchanges and Core developers, released a statement outlining a more concrete timeline following a physical....
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Bitcoin developers are probing deeper into how best to execute a so-called hard fork, a contentious upgrading tool that's been at the heart of the nearly $16bn network's most divisive debate for years now. The issue is that to be used cleanly and without unintentional consequences, a hard fork requires all the digital currency's miners to move to a new blockchain, or version of its transaction history. One case study of what can otherwise happen came last summer, when ethereum inadvertently split into two networks after executing a hard fork some users disagreed with. That's not to say....
In an announcement today, the largest bitcoin mining pools and that represent over 70% of the cryptocurrency network’s hashing rate have, in a common consensus with major bitcoin exchanges and service providers, agreed with 90 percent of the Bitcoin Core contributors over the proposed roadmap for scaling bitcoin. In an announcement today, members of the Bitcoin Core team and representatives of the cryptocurrency’s mining pools in China have reached an agreement on the roadmap to scaling Bitcoin with a Bitcoin Core approved hard fork. The consensus was achieved at the Scaling Bitcoin Hong....
The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. On July 20, the Ethereum network successfully completed a hard fork as a result of an irregular state change that transferred nearly 12 million ether from the DAO into the WithdrawDAO recovery contract. The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. “The fork itself took place smoothly, with roughly 85% of miners mining on the fork,” explained Ethereum co-founder Ethereum. The successful completion of the Ethereum hard fork....
The Ethereum project has returned to its $1 bln market value fold after the reset Thursday, July 21. It is an aftermath effect of the hard fork to recover the stolen funds by a hack of the DAO platform. Ethereum getting better. The hard fork was reported completed on Wednesday July 20 with several congratulatory messages pouring in. Vitalik Buterin stated in a blog post: “Block 1920000 contained the execution of an irregular state change which transferred ~12 million ETH from the “Dark DAO” and “Whitehat DAO” contracts into the WithdrawDAO recovery contract. The fork itself took place....
Ethereum’s hard fork will officially occur Wednesday at approximately 7am EST, despite 65% of miners voting against the measures. Pools ‘Supposed Not to Support’ Fork. The countdown to block 1,920,000, determined to be the opportune point for the action to recover funds lost during the DAO hack, is set to expire shortly. Following creator Vitalik....