Tag: Segregated Witness

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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Bitcoin’s SegWit Activation is Only A Matter of Time

Scaling bitcoin remains one of the more pressing matters in the cryptocurrency space right now. Although it may take a few more months until a viable solution is found that pleases the majority of the miners, it appears SegWit is in a prime position to get activated. After all, Segregated Witness is clearly ahead of Bitcoin unlimited, as this latter solution is seeing its support dwindle rather quickly. Segregated Witness …
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Core Developer: Bitcoin is About Financial Sovereignty, Not Speed

Eric Lombrozo, a Bitcoin Core developer, believes that bitcoin is about financial independence and freedom, rather than providing a centralized settlement network which already serves as the backbone of today’s global financial ecosystem. Over the past two years, various bitcoin communities, analysts and experts have debated on the characterization of bitcoin; specifically whether bitcoin demonstrates the qualities of a settlement network or digital gold. Since the initial deployment of the …
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