Bitcoin xt block size
Which Bitcoin xt block size does your company support? As the bitcoin network struggles to cater to the ever expanding bitcoin network with 1 MB blocks, the bitcoin community is still undecided about increasing the block size.
Currently the bitcoin industry is taking part in the Scaling Bitcoin conference to come up with a plan of action that might decide the future of the cryptocurrency itself. The Scaling Bitcoin event organized in Hong Kong is scheduled for 6th of December and we can expect bitcoin developers, entrepreneurs, miners etc. Bitcoin XT is still awaiting consensus from the bitcoin network. Introduced by Gavin Andresen and Mike Hearn, the Bitcoin XT is a fork of actual bitcoin blockchain.
The Bitcoin XT project has received mixed response from the mining community as well. While Slush Pool has extended its support by allowing miners to vote for Bitcoin XT, other Chinese bitcoin mining pools like F2Pool have decided not to support it. Instead F2Pool has recently stated that it will support a much smaller block size of 2MB instead of 8 MB as proposed by Bitcoin XT. If the bitcoin community keeps on fighting over the proposed increase in block size, we may soon end up witnessing the death of bitcoin as we have known so far.
Review Want Us To Review Your Crypto Business? To Bitcoin Bitcoin is poised to revolutionize the way individuals and companies do business online. Make sure you don’t get left behind by learning the basics of bitcoin in our bitcoin education center. Support for BIP 100, the market-led scalability fix from core developer Jeff Garzik, is growing as more miners pick sides in bitcoin’s block size debate. Unlike votes for controversial bitcoin client XT, these tags will not trigger a hard fork of the software.
It is rumoured to be the first time bitcoin’s top developers will meet all together in person. Bit Club network, which accounts for around 1. Yet, as the statistic above show, miners presenting over half of bitcoin’s hashpower have not yet wavered from the current 1MB default. Some may yet specify their preference, others may not.