Tag: Bitmain

How Bitcoin Scaling Conflict Can be Resolved Between Developers and Miners

As the bitcoin industry and market continue to expand at an exponential rate, the community is expecting the activation of a viable scaling solution to address this growth. The Bitcoin Core development team’s transaction malleability fix, Segregated Witness (Segwit), has been the preferred method of scaling by the industry. Even the mining community seems to agree to a conditional activation of Segwit. One condition requested by the miners is the execution of …
[Read More]

Bitcoin Miners are Rejecting Segwit For Non-Technical Reasons

It has become evident that miners are not opposed to the Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit) given the overwhelming support towards Segwit2x, a proposal made by Barry Silbert-led Digital Currency group and 57 other companies that include major mining pool operators such as Bitmain. The hashrate signaling the activation of Segwit2x is currently over 90 percent at the time of writing. The proposal entails the …
[Read More]

What is the User Activated Hard Fork?

There are quite a few different opinions on how Bitcoin needs to be scaled moving forward. It is evident there are multiple camps, each of which is trying to make its solution stick. Bitmain introduced yet another potential solution in the form of a user-activated hard fork. Do not confuse this proposal with the UASF, though, as these are two very different concepts. Bitmain’s UAHF Is A Major Point of …
[Read More]

Bitcoin’s Price Recovers Post $500 Crash, Block Size Debate Heats Up

Two days ago on June 12th, Bitcoin’s price crashed $500 from a high of $2980 to a low of $2480 on Bitstamp. Since then, the price climbed over 10% and is trading at $2754 at the time of writing. This article will go over potential factors that might have caused the crash, and try to explain Bitcoin’s recent recovery. As discussed in our previous article regarding the crash, OkCoin’s liquidation …
[Read More]