Coinbase CEO Speaks out against Bitcoin Core Hard Fork, Trumpets Bitcoin Classic
CEO and co-founder of bitcoin wallet and exchange service Coinbase, Brian Armstrong, has deemed the recent proposal to scaling Bitcoin as merely “words” and not action while trumpeting Bitcoin Classic as a better solution for bitcoin’s scaling debate. Brian Armstrong, co-founder and CEO of Coinbase has, in a blog post titled “The Bitcoin Roundtable Consensus Proposal – Too Little, Too Late”, dismissed the recent proposal to scale bitcoin. The proposal to scale Bitcoin was achieved over the past weekend among a group of the major mining pools, wallet and exchange service providers &....
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Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
Though Coinbase has warned its users about Ethereum network instability and some Bitcoin experts have begun to criticize the its security measures, the planned Ethereum hard fork at block 2463000 will still go as expected. According to Kraken Exchange, the fork which will introduce “changes to help protect against the recent DOS attacks on the network,” which will expectedly be reached on Tuesday October 18th 2016 PDT and it may pose a little risk for Ethereum Classic users. “The fork is expected to go very smoothly with the DOS-protected fork quickly becoming the dominant chain while the....
It is important to note these details are not officially confirmed by any of the Chinese mining pools right now. For those people who assumed the Bitcoin block size debate was settled once and for all, bust open the popcorn yet again. Chinese mining pools are colluding to hard fork and support 2MB blocks. In doing so, they would go against everything Bitcoin Core has been working on so far, and use Bitcoin Classic instead. The Bitcoin block size debacle has been a source of great controversy for nearly a year now. Many experts feel the Bitcoin block size needs to be increased, yet there....
The announcement from the Coinbase team regarding the distribution of Ethereum Classic has led to a controversial debate amongst Ethereum investors on the Coinbase exchange. The announcement from the Coinbase team regarding the distribution of Ethereum Classic has led to a controversial debate amongst Ethereum investors on the Coinbase exchange. On July 26, the Global Digital Asset Exchange (GDAX), a cryptocurrency exchange operated by the Coinbase team, released a statement to clarify that customers who stored ether on the GDAX platform prior to the Ethereum hard fork will be enabled to....
At least two Reddit threads have sprung up in the last 24 hours deliberating on the idea of calling for a Bitcoin Classic following the Ethereum Classic split from Ethereum. In the first instance, why not just activate fork now? the OP doyourduty posted: “If ETHc can apparently sustain itself against ETH, Bitcoin classic/unlimited/xt can definitely sustain itself against core. It’s been years of whining on the sidelines waiting for miners to act and come to our side. Let’s just do it!” It generated mixed comments as well as the second thread Now Let's Create Bitcoin Classic (big block....