Tag: BIP

Drivechain Team Submits Two Sidechain-Related BIPs

Scaling Bitcoin is still a very talked-about topic in the developer community. On-chain scaling isn’t the approach most people are willing to explore right now. Instead, we see initiatives such as Drivechain focus on bringing sidechain technology to Bitcoin in the future. Two new proposals have been submitted to make this change occur sooner rather than later. Will Bitcoin Ever get Sidechains? The big question is, as it has always been, how Bitcoin will scale …
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What is a BIP?

People who have been paying close attention to the bitcoin ecosystem may have noticed developers often talk about a “BIP”. However, most people have no idea what this abbreviation even means or what it entails exactly. A BIP is an improvement to the bitcoin ecosystem, which can be proposed by developers or anyone else who has some coding knowledge. BIPs Are An Integral Part of Bitcoin The term BIP stands …
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New BIP Proposes a Block Size Decrease

Yes you heard right, Luke Dashjr – a bitcoin core developer – has issued a new BIP (Bitcoin Improvement Proposal) earlier today suggesting Bitcoin decreases its blocksize limit to a third of what it currently is. This BIP proposes a hard fork in which case the Bitcoin blocksize limit would be reduced to 300 kilobytes. The first thought that may come to your head is that this proposal is pure insanity. Why …
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Bitcoin Core 0.12.1 Maintenance Update Released

Bitcoin enthusiasts have been keeping a close eye on the development of the new Core software client. Earlier today, the latest version was released, which includes the first soft fork to increase the block size. No significant changes are made in this “maintenance update”, but things are moving in the right direction. Also read: New conference speaker: Bharath Rao, founder of Coinpit Inc. Bitcoin Core 0.12.1 Is Here Developers around …
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