Bitcoin Network Shaken by Blockchain Fork

So far, developers are calling 'Spurious Dragon' a success. Ethereum's latest hard fork, officially activated at block 2,675,000 today, comes days after the code was first tested as a solution to ongoing network performance issues. Among other changes, the fork will give developers the ability to delete empty accounts left by an unknown attacker that had effectively flooded the network. While generally seen as a dangerous way to upgrade a blockchain (since it can lead to a network split if the proposed changes aren't accepted by everyone), ethereum's developers have embraced hard forks as....

An unintentional split of the network was the latest event to shake ethereum. By now, you might have heard the back-and-forth about so-called hard forks, a particularly contentious way to update a public blockchain. Some view it as a sometimes necessary means to update the network, while others see it as less than desirable path because it breaks consensus and everyone on the network needs to update to a new blockchain in order to participate. Ethereum has hard forked three times over the past few months to fix technical issues. But the latest fork was different, because it wasn’t executed....

Ethereum's developers have unveiled new details about a technical fork aimed at resolving lingering network issues. Officially merged into the code of the most popular ethereum client, the new rules will trigger at block number 2,675,000 — likely to occur sometime around Tuesday of next week. The update will erase empty accounts that unknown attackers used to bloat the ethereum blockchain by way of a hard fork, a process generally seen as a dangerous way of upgrading the software (all miners will need to upgrade to the new network). But according to some developers, the reality is more....

Recent Bitcoin Roundtable meeting suggests the implementation of SegWit and Core hard fork as solution to block size debate. Bitcoin network may be eventually heading towards the hard fork even after the Bitcoin Roundtable community disagreed with the idea of creating a hard fork of blockchain. According to the community, there is a possibility of the hard fork creating two separate blockchains that do not communicate with each other. In such circumstances, the whole bitcoin network can be segmented into two versions, one that works and another that doesn’t.

The Bitcoin network is in dire need of a scaling solution and Bobby Lee urges the developer community to decide upon a network hard fork. The Bitcoin scalability debate has been going on for over a year new. Each time the topic arises, it ends in a stalemate. The Bitcoin community is currently divided between whether to use a hard fork or soft fork. While the Bitcoin Core developers are hell-bent on SegWit, not everyone in the community agrees with it. Bobby Lee, the founder of BTCC — one of the largest Bitcoin exchanges in the world has expressed his support for a hard fork. Bobby Lee in....