Bitcoin Unlimited On Par To Outpace Core Network Blocks
In the end, the mining pools are a strong indicator of which solution will "win" eventually. Intriguing things continue to happen in the world of bitcoin and cryptocurrency. Network support for Bitcoin Unlimited and Bitcoin Core is nearly the exact same. This is quite a significant development for the bitcoin ecosystem, although it remains unclear how things will play out. One thing seems certain: the balance of power could shift at any given moment. Only one percent separates the two scalability solutions, which is quite interesting. The mining pool support is quite important....
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Bitcoin Unlimited takes off as Core blocks mined drop below 90% for the first time, indicating that Bitcoin may be forked, increasing the block size limit. Attempts to raise the block size limit have been made in the past, the latest of which before Unlimited, Bitcoin Classic, reached 70 blocks per 1,000 at its height before slowly declining. This month, Bitcoin Unlimited, which would allow the block size to be increased, took off, fast approaching 10% of Bitcoin blocks mined per thousand. Added to Classic’s roughly 30 (and declining) blocks and Core’s block share has dipped below 880.....
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....
The way things stand right now, Bitcoin Unlimited has 35.8% miner support. It appears as if the BitClub mining pool has had a change of heart recently. Albeit the company mined a Bitcoin Unlimited block before, it was a slightly different type. To be more specific, it was a block that did not properly signal BU alone. That has changed as of now, with at least three BU-only blocks being mined by the pool in rather quick succession. BitClub Supports Bitcoin Unlimited Now? It is rather surprising to see BitClub still support Bitcoin Unlimited right now. When the pool mined its first BU-esque....
ViaBTC, one of the largest mining pools in the world, experienced a 50% drop in its hashpower after allocating all of its resources in mining Bitcoin Unlimited blocks. Bitcoin Unlimited is an alternative project with which miners can decide the size of the blocks they wish to mine. ViaBTC for instance, is mining 2 MB blocks through Bitcoin Unlimited, while the Bitcoin.com mining pool is opting for a 16 MB blocksize. The team behind ViaBTC decided to move its entire mining pool to Bitcoin Unlimited due to their belief that the current capacity of the Bitcoin network significantly restricts....
Peter Rizun, known to many simply as “Peter R.,” made a recent summary post on Medium outlining a way for projects which aim to scale within the framework of Bitcoin Unlimited. Bitcoin Unlimited is an ongoing fork of the Bitcoin project which allows for larger blocks. It is an answer to an ongoing debate about how the scaling of Bitcoin should take place, albeit not the most popular. The fundamental rift in the debate is whether third-party products such as Lightning Network should become the primary mode of Bitcoin transfers in the future, or if the core software itself should simply make....