Coinbase CEO Bets $5,000 Bitcoin Hard Fork ‘Will Be Just Fine’
Coinbase CEO Brian Armstrong feels pretty confident about the outcome of a block size hard fork. In fact, he’s willing to bet $5,000 that “Bitcoin’s first hard fork works out just fine.” In a Medium post by the Coinbase founder, Armstrong declares that the code will not be a split and is merely upgrading. Brian Armstrong has been very vocal about the....
Related News
Though Coinbase has warned its users about Ethereum network instability and some Bitcoin experts have begun to criticize the its security measures, the planned Ethereum hard fork at block 2463000 will still go as expected. According to Kraken Exchange, the fork which will introduce “changes to help protect against the recent DOS attacks on the network,” which will expectedly be reached on Tuesday October 18th 2016 PDT and it may pose a little risk for Ethereum Classic users. “The fork is expected to go very smoothly with the DOS-protected fork quickly becoming the dominant chain while the....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....
Coinbase remains as one of the few companies to reject the hard fork contingency statement released on March 17. The company’s CEO Brian Armstrong made an official statement to clarify the Coinbase team’s stance and viewpoint on hard fork contingency involving Bitcoin Unlimited. Background of the Statement Itself. Late last week, leading bitcoin exchanges including BTCC, Kraken, Bitfinex, Bitstamp, Bittrex, Bitso and Shapeshift that represent the majority of the global bitcoin exchange industry’s market share released a collaborative statement as exchanges in the bitcoin ecosystem. The....
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....
Other changes include the release of a stable Go API, as well as Android and iOS support for Geth. As most cryptocurrency users are well aware, Ethereum will undergo another hard fork. After a lot of discussion among developers, the decision was made to activate the fork at block 2,675,000. Multiple clients will be ready to accommodate this change, which marks another significant milestone for the Ethereum ecosystem. Every Ethereum hard fork has a rather unusual name, and the fourth one is no exception. Under the Spurious Dragon banner, this new fork will go into effect at block 2,675,000.....