Network Alternative Bitcoin Unlimited Closing In On ‘Opponent’ Segwit Proposal
The number of blocks mined using the alternative Bitcoin client, Bitcoin Unlimited (BU), is increasing. Over the past weeks and months BU, also known as BUIP 001, has seemingly been increasingly adopted by Bitcoin participants. Segwit, a proposal for an upgrade of the mining protocol by the development team called ‘Core’, still mines 600 more blocks per....
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Bitcoin’s price jumped by around $30 yesterday shortly after it became clear that Bitcoin Unlimited had overtaken segwit in hashrate share. Although there may have been other factors, especially an increase in global uncertainty due to some of Trump’s policies, the timing of the sudden increase closely coincided with Bitcoin Unlimited surpassing segwit, standing today at 23% of the hashrate while segwit is at around 21%. The new grassroots client has been gaining increasing support with ViaBTC, an open Bitcoin Unlimited pool, rising to 12% of the network hashrate in the past 24 hours, up....
Over the past few weeks, support for the Bitcoin Unlimited (BU) proposal has increased significantly. This is due to a bunch of smaller mining pools collectively running the alternative client that removes the current block size cap. Now its seems the proposal will get even more hash power as the Chinese miner, Chandler Guo, has announced that his new....
While it is commendable to see multiple branches of Bitcoin development, working toward the same solution, the community remains divided. The ongoing battle between Bitcoin Unlimited and Bitcoin Core continues. For the first time in a while, Bitcoin unlimited support is outpacing SegWit support. Although this may only be a temporary trend, it goes to show the mining world remains undecided on how Bitcoin should evolve. Moreover, it all depends on when you look at the statistics, as support numbers continue to change on a near-hourly basis. Every time figures like these are made public, a....
Over the past month, many Bitcoin exchanges, startups and experts weighed in on the debate between Segregated Witness (SegWit) and Bitcoin Unlimited (BU) supporters. The main claim of SegWit supports is that nearly 60 percent of nodes within the Bitcoin network are supporting the activation of SegWit. According to 21 Inc’s Bitnodes, approximately 56 percent of all Bitcoin nodes are in support of Bitcoin Core 0.13.0 and the other two minor updates of Bitcoin Core which includes SegWit support on testnet. What is the debate about exactly? In comparison, BU supporters and developers,....
Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit. As the debate surrounding bitcoin’s block size continues, many are moving in various directions supporting the one they believe holds the answer to bitcoin’s future scaling. Recently, Bitcoin Unlimited (BU), had around 40 percent support despite reports saying that BU is controversial, splitting the community in two with those for and against it. A few weeks ago, though, an alias named Shaolin Fry introduced the idea of SegWit UASF, which would....