Bitcoin Unlimited Reaches Almost 40%
Bitcoin Unlimited, the new grassroots client, reached 39.6% over a 24 hour period earlier this week, its highest ever. Now standing at more than 30% over the longer one week period. Bitcoin Unlimited reaches almost 40% network share over the past 24 hours – image from nodecounter The new client aims to increase bitcoin’s transaction capacity to meet growing demand and reduce fees as they now average $1 per transaction. It further aims to return more predictable transaction times which currently can be delayed from hours to days. It has found much support from miners with Antpool, bitcoin’s....
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The bigger question is how things will evolve from here on out. Bitcoin Core's SegWit adoption seems to have stagnated, even though a few more companies pledged support for this block scaling solution. Bitcoin nodes are an integral part of the network, as they allow for transactions to be broadcasted to other users all over the world. With the ongoing “issues” between Bitcoin Core and Bitcoin Unlimited, it is always interesting to keep an eye on their individual node counts. It appears BU is getting some additional support right now, as they reached a network node all-time high. At the....
ViaBTC has announced its support to Bitcoin Unlimited, mines its first Bitcoin Unlimited block. Bitcoin Unlimited, the fork of Bitcoin blockchain is receiving a lot of support lately. Soon after Bitcoin.com mining pool announced its support to Bitcoin Unlimited, another mining pool, ViaBTC has followed suit. ViaBTC, which claimed itself to be the fifth largest Bitcoin mining pool on Twitter recently has allocated its full hashing power to mine Bitcoin Unlimited blocks. The mining pool, launched on June 5, 2016, has rapidly climbed through the ranks to be among the top mining pools on the....
Bitcoin.com recently chatted with Bitcoin Unlimited (BU) developer Andrew Stone to discuss the alternative client and the current block size debate. Lately, the cryptocurrency community has been asking who the BU developers are, and what are their qualifications. This interview is meant to shed some light on development and Stone’s opinion of the goals....
With over 700 BU-compatible nodes in existence right now, things get very interesting. The ongoing “competition” between Unlimited and Core nodes remains quite intriguing to keep an eye on. Over the past few days, the number of Unlimited compatible nodes has increased to 736. Quite a significant number, even though it includes some nodes that other platforms may not see as “compatible”. It is evident the Bitcoin Unlimited support continues to grow. More progress is needed to address bitcoin’s scalability in the near future. While additional support for Bitcoin Unlimited may not solve any....
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....