With the current proposals for fixing Bitcoin’s bloated blockchain and transaction problems, a theme has been reoccurring enough that I find it impossible to ignore. Users and Miners may not want the same thing at all, and that is troubling. This begs the question, who is more important? Miners? Or Users and Nodes? Miners vs Users This is far from the first time this question has come up, but it …
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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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The Bitcoin market is never boring and this past week didn’t disappoint with the flash crash to $380. The price has since rebounded and Bitcoin is currently trading at $414. One of the main factors which undeniably contributed to the price slump is Bitcoin’s transaction backlog which occurred around March 3rd. Also Read: Monero Technical Analysis for 03/07/2016 – Price Trapped Between Pivot Zones Last week the network got flooded with spam transaction, …
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