Tag: Bitcoin Unlimited

What Is the Gigablock Testnet Initiative?

A lot of people are willing to explore the concept of larger Bitcoin blocks. Now that Bitcoin Cash has somewhat proven this to be a viable strategy, there is no reason not to take things to a new level. The BUIP 065, also known as Gigablock Testnet Initiative, is quite remarkable. The goal is to create a global test network for bottleneck analysis under high levels of stress. Even with 8MB …
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Bitcoin Unlimited vs Extension Blocks

Earlier this week, a new bitcoin scaling proposal has started gaining some traction. Extension blocks, as this concept is called, aims to provide an alternative solution to Segregated Witness and Bitcoin unlimited. What is rather interesting is how this solution draws some parallels with SegWit, yet it is very different from Bitcoin Unlimited. Now is a good time to check how both solutions compare to one another. 2. Bitcoin Unlimited …
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Philippines’ Largest Bitcoin Firm Coins.ph and Bitsquare Reject Bitcoin Unlimited

Major startups, companies, service providers, exchanges and wallet platforms within the Bitcoin industry have unanimously rejected Bitcoin Unlimited as both a hard fork solution and as a bitcoin software. Most recently Coins.ph, the largest bitcoin service provider and exchange in the Philippines, and Bitsquare, the decentralized digital currency exchange rejected Bitcoin Unlimited, describing the software as a contentious hard fork solution. A few weeks ago, Bitcoin Unlimited experienced a significant …
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Pro-Segwit Bitfury Overtakes Antpool to Become World’s Largest Miner

Segregated Witness (Segwit) supporting miners and mining pools are taking over Bitcoin Unlimited miners such as Antpool and HaoBTC. Due to multiple bug exploitations and controversial development errors from the Bitcoin Unlimited team, the entire bitcoin market including bitcoin exchanges, wallets, users, developers and miners are switching over to Bitcoin Core team’s scaling solution. Particularly, the Bitfury group, leading blockchain technology company and mining facility operator, officially took over Antpool …
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