ViaBTC Calls for a Bitcoin Hardfork
ViaBTC, which now controls around 15% of the network hashrate in combination with Roger Ver’s Bitcoin Unlimited pool, has called for a hardfork to upgrade bitcoin’s transaction capacity. “Drop the matter of SegWit, let’s hard fork together,” followed by a resounding no to the question of whether there is anything core could do to make ViaBTC support segwit, are just some of the public statements made by the new pool that has suddenly taken the fourth position in network hashrate distribution. I reached out to better understand the seemingly changing alignments in the great debate by asking....
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It is evident this game between Bitcoin Unlimited and Bitcoin Core is nothing more than politics at play. Ever since ViaBTC launched their Transaction Accelerator, the company has been on an aggressive marketing oath. Although it initially launched free of charge, users had to pay a small fee to use the TA. But it looks like ViaBTC wants to make another statement, declaring how Bitcoin Core devs “refuse to up the block size limit.” If that were the case, Segregated Witness would not be here. Everyone knows ViaBTC as a mining pool publicly supporting Bitcoin Unlimited. This alternative....
It is positive to see this service reach such a milestone in quick succession. In the world of Bitcoin and cryptocurrency, receiving faster transaction confirmations is of the utmost importance depending on which transaction fee one pays, this process takes roughly 10 minutes or longer. ViaBTC recently launched a service that helps transactions gain confirmations instead of being delayed. So far, the ViaBTC Transaction Accelerator has processed over 5,000 transfers successfully, which is quite a milestone. The ViaBTC Transaction Accelerator is quite a nifty feature. Bitcoin users have....
When asked why they do not increase the 100 tx limit, ViaBTC replied how they need the fee to make this service possible. The ViaBTC Transaction Accelerator has proven to be quite a successful service over the past few months. One downside to this system is how only 100 transactions can be boosted every single hour. In a recent tweet, the company complains about how they are hitting this glass ceiling nearly every hour. It would be better if such a service is not needed in the first place. The only reason why the ViaBTC Transaction Accelerator is popular is due to recurring network....
The never ending bitcoin blocksize debate returns to the forefront as ViaBTC, a new pool with around 10% network hashrate, moves all of its mining operations to Bitcoin Unlimited. In a new public statement, ViaBTC delivered the most scathing criticism yet of the current bitcoin scaling situation. Written by Haipo Yang, CEO of ViaBTC, formerly at Tencent with experience in the development of distributed, highly concurrent network servers, the article argues that, in effect, the 1MB limit will destroy miners: “[W]ithout growing capacity for on-chain transactions the business model of the....
Blockchain is never short of trends or opportunities. In such an unpredictable industry, only a few teams could stick to their original beliefs, and ViaBTC is one of them. During the past six years since its founder Haipo Yang independently completed the coding of ViaBTC Pool, ViaBTC has, with its cutting-edge technologies and first-rate products, […]