Antpool Will Not Run SegWit Without Block Size Increase Hard Fork
Although there has been some serious, public drama over scaling in the Bitcoin community for over a year, it appears that the community is mostly unified behind a single plan going forward, which is based on the “Bitcoin Roundtable Consensus.” There are still high-profile individuals, such as former Bitcoin Core lead maintainer Gavin Andresen and....
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Set to offer an effective block size limit increase, a transaction malleability fix and more, Segregated Witness (SegWit) could soon go live on the Bitcoin network. Starting tonight, miners can signal support for the proposed centerpiece of Bitcoin Core’s scalability roadmap. The soft fork will activate if 95 percent of hash power agrees. But Chinese mining pool ViaBTC, currently representing some 8 percent of hash power on the Bitcoin network, has indicated it will not support SegWit activation. Instead, the mining pool favors a hard fork to remove the one megabyte block size limit, as....
The ongoing Bitcoin block size debate has been a source for a fair bit of controversy and discussion in recent months, but it finally looks like a decision is just around the corner. With Bitcoin Core having to address some security concerns regarding segwit, and Bitcoin Classic going into beta testing today, developers are off to the races to compile a properly secured block size solution. Antpool is upping the game by announcing beta testing of Bitcoin Classic. Antpool Starts Bitcoin Classic Beta Trial. It was only a matter of time until the Bitcoin Classic proposal started showing what....
In a clearly stated analysis and opinion blog post about the costs and benefits of doing either a hard fork to a 2 MB block size limit versus going with the “Hong Kong Compromise” Segregated Witness (Segwit) upgrade, Sam Cole offers the perspective from that of a Bitcoin miner in what options lie ahead. From a pragmatic perspective, Cole gives a very clear explanation of how the Segwit solution is the much safer, simpler and easier one and all of the potential risks of failure and negative disruption that the hard fork has. However, it’s clear from Cole’s post that he believes there’s....
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.
Jeff Garzik, a bitcoin code veteran who recently launched the Bloq code-for-hire service to develop blockchain features, continues to defend a hard fork solution to the bitcoin scaling challenge. Garzik has engaged with individuals who disagree with him on Twitter in the last few days. Everyone agrees the block size needs to expand if the bitcoin network is going to process a larger volume of transactions. But the solution has proven evasive. Garzik has voiced his dismay at the number of people who have proposed using technically inferior systems to increase the block size. Bitcoin Block....