Tag: UASF

What Exactly is Happening to Bitcoin on August 1st?

Bitcoin users all over the world are all too aware August 1st is approaching quickly. This day will be an important moment in the history of Bitcoin and potentially all of cryptocurrency. Multiple things can happen. No one knows for sure what the outcome of the 24 hours prior to August 1st, as well as the days after that date, will bring. Since it is just a few weeks before …
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Miners or Users, Bitcoin’s Divisive Blocksize Solutions

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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What is the Splitprotection BIP?

The upcoming UASF activation date of August 1st has quite a few people concerned. A chain split is still a very like outcome of this soft fork. However, a new proposal has been drafted to prevent the blockchain from splitting into two. The splitprotection soft fork requires a lower activation threshold and an immediate mandatory signaling lock-in. The bigger question is whether or not this new proposal will be implemented …
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A Bitcoin UASF Futures Market Could Yield Interesting Results

With the date of August 1st fast approaching, a lot of Bitcoin community members are wondering if there will be a UASF futures market. Considering this soft fork will determine the future direction of Bitcoin, there is a lot of interest in the solution. It is unclear if the UASF will succeed in the long run or not. A futures market could be quite lucrative for whichever platform introduces it …
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