Hardfork in Bitcoin Scalability Roadmap
A Bitcoin hardfork is coming. In a recent post to the Bitcoin Foundation's blog, Chief Scientist Gavin Andresen sketched out "one possible path for the behind-the-scenes technical work that is being done (or will need to get done) over the next few years to scale up Bitcoin." He proposed that the Bitcoin protocol would require a hardfork to implement an annual 50% increase in maximum block size. When Bitcoin first started off, there was technically an infinite maximum block size; though, Andresen mentions that the p2p protocol limited the block size to 32 mb. Following increased media....
Related News
Ethereum’s roadmap continues to unfold with a pivotal fork set for November, aimed at boosting scalability and streamlining efficiency across the network. With scalability long viewed as ETH’s biggest hurdle, this fork represents a critical step toward unlocking its full potential as the world’s leading smart contract platform. Why This Fork Matters For Ethereum’s Long-Term […]
In just three days, Ethereum is to undertake the first of its kind hardfork in the digital currency space. With Geth, Parity and Mist all having a hardfork release, all eyes are now on the miners. Ethpool/Ethermine was the first to open the decision to miners with more than 81% voting in support of the hardfork on both pools. Dwarfpool, currently the biggest ethereum miner, followed, with more than 72% supporting the fork. Peter from Ethpool/Etherminer, speaking to CCN, stated: “[T]esting will start tomorrow and all mining nodes will be upgraded by Tuesday according to the result of the....
Ethereum’s community has reached a general understanding that the best way to move forward and address the month long dos of the network is a quick hardfork. A matter of urgency has been added following a recent backlog of more than 12,000 transactions and some miners opting in for zero transaction blocks. Gavin Wood, founder of Ethcore, maintainers of Parity, the second most used ethereum client, publicly stated yesterday: The EIP150.c1 hard fork is being targeted for Monday. We have a candidate branch and will be releasing a fork-ready client as soon as there are proper consensus tests.....
The blocksize debate has been brought to the forefront once more as a number of Bitcoin developers, including Gregory Maxwell, CTO of Blockstream and Mark Friedenbach, Core Tech Engineer at Blockstream, came out against the Hong Kong Consensus, arguably the most important document in Bitcoin’s history since the whitepaper. According to what may be a leak of an alleged meeting between pools and miners representing more than 75% of hashpower, consensus has been reached to hardfork to 2mb if Bitcoin Core developers do not release a new Bitcoin Core client with a 2MB hardfork code by August....
As the cryptocurrency market continues to evolve, investors and analysts alike are turning their attention to promising tokens that could lead the next wave of growth. Among these tokens, Cardano (ADA) and Mpeppe (MPEPE) are gaining significant traction. Analysts predict that both of these cryptocurrencies could skyrocket by 100%, dominating the market in the coming months. Cardano (ADA): Preparing for a Major Leap Cardano (ADA) is currently trading at $0.411165 USD, with a market cap of $14.76 billion USD. The 24-hour trading volume stands at $305.26 million USD, with Cardano (ADA)....