Bitcoin Industry Seeking to Bridge Scaling Divide at July Meeting
Members of the bitcoin industry, including major miners and developers, are set to meet in California this month, sources say. Though details of the event are scarce, representatives from Blockstream, HaoBTC and F2Pool confirmed to CoinDesk they are planning to attend. In a recent interview with Bloomberg, Jihan Wu, the CEO of bitcoin hardware firm Bitmain (which also operates the AntPool mining pool), indicated that he would be attending the gathering. While the event's agenda is currently unknown, the Bloomberg interview suggested that the event will focus on the question of scaling, and....
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While these words should always be taken with a grain of salt, a bigger problem is highlighted by this statement. A recent bitcoin meetup in China was supposed to be about addressing scalability. This topic has been kicked around for quite some time now, yet there is no solution in sight. Samson Mow took to Twitter and explained how this meeting was not about on-chain scaling. Instead, he called it a “social and marketing event” organized by Bitmain. There have always been different opinions on any event taking place discussing Bitcoin scalability. The majority of these meetings have been....
Hop plans to roll out support for additional crypto assets and layer-two networks in the coming weeks. Hop Protocol, a team working on interoperability within Ethereum’s layer-two ecosystem, has launched its Hop bridge for the first time. A July 12 blog post notes the bridge has been launched with limited functionality, currently supporting “instant” USD Coin (USDC) transfers between the Ethereum mainnet, Polygon, and xDai Chain.Hop plans to expand the number and assets it supports over “the next couple of weeks,” including crypto assets Ether, Matic, and Wrapped Bitcoin, stablecoins Dai....
If the goal of the second Scaling Bitcoin conference was to highlight an "emerging consensus" on the challenges facing the bitcoin network, the day's panels served mostly to highlight the sometimes extreme differences in opinion that remain between key stakeholders in the technology's open-source community. Held in Hong Kong's Cyberport district, day one of Scaling Bitcoin found speakers debating more freely the variety of proposals for how transaction processing on the bitcoin network should be increased, with presenters often weighing on their preferred path forward. Given the venue of....
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The Free TON Bridge powered by Broxus is a сross-chain asset transfer consisting of a link between ETH and Free TON. This Bridge allows users to move liquidity bi-directionally from the Ethereum blockchain to the Free TON blockchain, where it can be transacted with near-zero fees and at higher speeds. The Free TON Bridge, like […]