Bitcoin Scalability Issue Takes New Turn As RSK Ready to Release Ginger
Bitcoin’s scalability issue will be affected by the proposed release of RSK's Ginger testnet due on May 22. Ginger will be the first Mainnet version of the RSK platform and the only production network providing democratic open access. RSK Labs, the creators of Rootstock, is a smart contract platform with a two-way peg and merge-mining to the Bitcoin Blockchain. When operational, RSK is expected to allow 100tps, instant payments and it does not need SegWit. It has also been touted to be able to do most or all of what Ethereum can do - only six times faster - because of its full....
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David Floyd // Twitter. Writing on Nasdaq.com, bitcoin observer David Floyd claims the quest to increase the size of the bitcoin block is a critical issue for establishing bitcoin as a major currency. The quest, however, has no ready solution, Floyd notes in his essay, titled, "The Crypto-Cold War: Bitcoin's Politics of Scalability." Floyd, who writes about investing, energy and politics, says at present, bitcoin's processing capability dwarfs in comparison to Visa, which can process 56,000 payments per second. Increase The Block Size? Increasing the bitcoin block size could solve the....
Waves is a decentralized platform that allows any user to issue, transfer, swap and trade custom blockchain tokens on an integrated peer-to-peer exchange. Waves platform, the custom blockchain token initiative targeting mass-market consumer and business adoption, is making progress with scalability solutions for its blockchain network. It has announced a series of measures to enable greater network scalability. Waves is a decentralized platform that allows any user to issue, transfer, swap and trade custom blockchain tokens on an integrated peer-to-peer exchange. Tokens may represent a....
Let’s get ready to rumble. The war between two of the biggest bosses in crypto space, Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried (SBF) seems to be just picking up steam and is currently the most heated issue for the market. The drama began early Sunday morning when FTX’s FTT token took a […]
The Bitcoin Core development team has fixed most of the issues related to SegWit v 0.13.1 software package, expected to go live on November 15, 2016. The Bitcoin protocol may soon expect few changes to happen for good. Segregated Witness, also known as SegWit, which happens to be one of the scalability solutions is finally ready for release. The Bitcoin Core development team has reportedly fixed most of the issues related to SegWit v 0.13.1 software package. The latest version is almost ready to go live in its current state by Monday. However, it may take at least a year for it to be....
With April coming to a close and the halving in three months, bitcoin’s scalability is reaching decision time. Following a year of heated debate, wide consensus has been achieved on a maxblocksize increase, segwit deployment and support for the Lightning Network. The only outstanding issue is one of timing. Can segwit be ready before the halving? If not, should maxblocksize be increased so as to provide brief respite? Following suggestions that segwit has been delayed as a CSV softfork is currently in process, it seems that a meeting took place in Beijing on the 30th of March. According to....