ViaBTC Transaction Accelerator Surpasses 5,000 Transactions
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....
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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....
Including these requested transactions in the next network blocks free of charge is a strange decision, though. ViaBTC, the largest mining pool supporting Bitcoin Unlimited right own, announced a new initiative. Their Transaction Accelerator allows users to speed up their network transaction to bypass network congestion. On paper, this sounds very similar to the replace-by-fee feature found in Bitcoin Core. The only difference is how the ViaBTC service is free of charge and can be accessed through a web portal. Given the recent network congestion, quicker transaction confirmations have....
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....
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....
Zero-transaction fee Bitcoin transactions are rather uncommon these days. Ever since ViaBTC announced their cloud mining plans, the Bitcoin community has been on high alert. Albeit there is nothing wrong with what the pool offers, people have been carefully monitoring their wallet addresses. One particular transfer stands out, as 210 BTC was deposited into the wallet. A major client for their cloud mining business or self-funding to spike the numbers? It is not uncommon for Bitcoin companies to deal with large deposits. Even cloud mining companies sometimes attract huge clients who spend a....