Gavin Andresen proposes a roadmap for scaling Bitcoin.
Gavin Andresen proposes a roadmap for scaling Bitcoin. On October 6, Gavin Andresen, Chief Scientist at Bitcoin Foundation proposed a roadmap for overcoming challenges to scaling Bitcoin. Andresen suggests rolling out a hard fork that increases the maximum block size limit to enable Visa scale transaction volumes of about 3,000 transactions per second. The maximum block size is currently hardcoded at 1MB enabling 7 transactions per second, and if increased would have to be carefully chosen so that anybody with a reasonably fast computer and internet connection can run a full node else we....
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In a recent e-mail to the Bitcoin core development mailing list, Gavin Andresen described the "worst of all possible worlds" for Bitcoin as being "no plan for how to scale up." Andresen appears to believe still that scaling is Bitcoin's only obstacle at the moment, regardless of how that must be achieved. If a fork to Bitcoin-XT is required, it seems that Andresen and others are willing to go along with that. Scaling seems to be on the minds of many core developers. Developers aside from Andresen, however, don't feel that the problem is as urgent as it's made to seem. Recently on Reddit,....
Bitcoin Foundation chief scientist Gavin Andresen has proposed increasing the number of transactions allowed on the bitcoin network by raising the maximum block size by 50% per year. Doing so would require a hard fork and "some risk", Andresen conceded in a new Bitcoin Foundation blog post, but he concluded that such proposals are necessary for the long-term viability of bitcoin as a global payments system. Entitled A Scalability Roadmap, the piece builds on Andresen's past statements regarding how he believes the bitcoin network can be scaled to handle more transactions. While the....
Gavin Andresen raised eyebrows recently when he tweeted that Ethereum has more nodes now than bitcoin and that it will grow its lead as its block size exceeds bitcoin’s. Andresen, chief scientist at the Bitcoin Foundation and lead developer of Bitcoin until 2014, has raised concerns in the past about the bitcoin block size. He has noted the possibility that the bitcoin community could see exchanges, miners and merchants move to a highly centralized clearing agreement model. He believes that this will indicate an unhealthy bitcoin network that will be even slower, less reliable and more....
Bitcoin developer Gavin Andresen has recently expressed a few “thoughts” concerning the happenings at the Satoshi Roundtable. The event held by Bruce Fenton in Florida this year had quite a bit of industry executives and developers in the crowd. In 2015, the Roundtable meeting was a very social function, but this year, Andresen said the block size debate....
This situation becomes especially painful when considering how Satoshi Nakamoto himself appointed Gavin Andresen as being the one to take over the “reigns” of Bitcoin development Now that the Craig Wright debacle has calmed down again, there is still the pressing matter of what will happen with Gavin Andresen. After the Bitcoin Core team revoked his commit access, there seems to be no indication of restoring the Bitcoin developer to his precious status. A lot of people were surprised when Gavin Andresen of all people came forward and identified Craig Wright as being Satoshi Nakamoto. Even....