Unlimited, Classic and 'BitPay Core': Bitcoin's New Kids on the Blockchain
Referred to as the Satoshi client, Bitcoin QT, Bitcoin Core , or simply Bitcoin’s reference client, the original Bitcoin implementation as introduced by Satoshi Nakamoto has always set the standard for Bitcoin’s consensus rules. While alternative implementations were launched over the years, these were programmed to follow or even enforce existing....
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Bitcoin payments processor BitPay hopes to bring one million merchants on board with its new free and unlimited pricing model. Bitcoin merchants don't necessarily have to use third-party payments processors like Coinbase and BitPay. Using APIs such as Blockchain's Receive Payments API (or by creating one's own), it's possible to accept bitcoins without trusting a third party or paying them fees. However, most Bitcoin merchants still use services like Coinbase because getting set up is a lot easier. Coinbase has recently grabbed headlines for partnering with companies such as Dell and....
Bitcoin Core, descendant of the original Bitcoin software launched by Satoshi Nakamoto in 2009, has always been Bitcoin's reference client. The implementation, formerly known as Bitcoin QT, proposes standards for the Bitcoin protocol itself. But these standards are not binding. Based on open source software, anyone can take the code, modify it as they see fit, and offer the adjusted version to the world. This was recently highlighted by the launch of Bitcoin Classic and Bitcoin Unlimited, and Bitcoin XT before that. But these implementations did something that hadn't been attempted before,....
Former Bitcoin core developer and one of the founders of the Bitcoin Foundation, Gavin Andresen, has once again expressed his negative feelings about Bitcoin Core known via Twitter after a miner with a node running the alternative Bitcoin protocol, Bitcoin Unlimited, lost $12,000 through a bug. Bitcoin Unlimited bug. News of a bug in the Bitcoin Unlimited code that had caused a miner to lose 13.2BTC, which equates to about $12,000, arose on Reddit in the pro-Bitcoin core subreddit, /r/bitcoin, where the poster proclaimed “Bitcoin.com loses 13.2BTC trying to fork the network: Untested and....
One of bitcoin's leading merchant processors, BitPay, has introduced a new pricing plan that makes its basic level of service free and unlimited. The new plan allows merchants unlimited use of any plugin, API or app from the BitPay library and access to the company's email support. BitPay executive chairman Tony Gallippi framed the announcement as one that would support the company as it seeks to meet its ambitious merchant enrollment goals: "We have set a goal to enroll 1 million merchants by the end of 2016. When we started BitPay in 2011, we saw an opportunity to finally give merchants....
One thing is for sure: no one will be surprised if another branch of development pops up. It is only a matter of time until a new bitcoin fork is proposed. After Bitcoin XT and Bitcoin Classic failed, Bitcoin Unlimited is the current concept to disrupt Bitcoin Core development. Samson Mow jokingly hinted at what could be the next fork of development. BitcoinEC would keep the best of Bitcoin Core and add Emergent Consensus “nonsense”. An intriguing thought, even if it is just a joke. Discussions like these always lead to a rather intriguing conversation between bitcoin enthusiasts.If....