Bitcoin to Hardfork? Proposal Sees Grassroots Beginnings
After a year and a half of debate with no compromise reached, supporters of on-chain scaling, have, seemingly, decided to unilaterally hardfork. A new subreddit, r/btcfork, was announced earlier today, quickly gaining attention and momentum with numerous threads published in just hours after the announcement was made and many bitcoiners joining in the lively debate. It is not clear when the client will launch. The developers are not publicly known, save for by nickname. Freetrader, one of the developers, who, seemingly, is now joined by other coders in a grassroots manner, stated that he....
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In a historical, decentralized and defining decision, Ethereum holders have unanimously voted in favor of a hardfork to deprive the DAO thief of his ill gains and return the funds to token holders, avoiding a trainwreck just months after ethereum’s release. Utilizing the blockchain, a transparent and non-gameable voting method shows that out of more than 1.5 million eth, 97%, valued currently at $15 million, are in favor of the fork, with only just above 40,000 eth against. The unanimous and conclusive decision by ethereum’s community will now turn attention to the implementation of the....
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....
Many people are keeping a close eye on the block size debate for very different reasons. Solving the Bitcoin block size problem has been a top priority for developers over the past few months. Multiple solutions have been proposed, although only two of them are in actual “contention” right now. Bitcoin Core developers have begun development of a third solution that would shift the block size to 2MB. It is always good to have options on the table. Even though Segregated Witness has not been denied by the mining community yet, it is due time to consider alternatives. Bitcoin Core developers....