Sentences with phrase «bip148 user activated soft fork»

Tension is ratcheting up as the August 1 deadline for the BIP148 User Activated Soft Fork (UASF) approaches.

Instead of hash power activation, a user activated soft fork would have a ««flag day activation» where nodes begin enforcement at a predetermined time in the future.»

By April of 2017, this attitude led Litecoin creator Charlie Lee to advocate for a user activated soft fork on «his» coin.

Who Supports UASF Lately, there has been a lot of talk regarding the possible activation of a User Activated Soft Fork (UASF) in order to implement the SegWit proposal without the need to reach miner consensus.

At one end of the fence there is Bitcoin Improvement Proposal 148 (BIP148), a user activated soft fork...

The pseudonymous developer «Shaolinfry,» who had previously contributed to Litecoin, dropped a new proposal in the Bitcoin development mailing list and the popular bitcointalk.org forum: a «user activated soft fork» or «UASF.»

Tension is ratcheting up as the August 1 deadline for the BIP148 User Activated Soft Fork (UASF) approaches.

A segment of all Bitcoin users is committed to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148).

But recent events like BIP148, BIP91, user activated soft forks are proving that we are learning more and discovering how Bitcoin's economic incentives are aligned,» Ametrano said.

Today is a momentous day for Bitcoin — the day that the UASF, User Activated Soft Fork, activated.

Currently, there are multiple new bitcoin implementations being tested and the possibility of Segwit2x, a user activated soft fork (UASF), and a user activated hard fork (UAHF) being deployed.

Bitcoin Cash is the realization of the «User Activated Hard Fork» (UAHF) that was first announced as Bitmain's contingency plan in case of a chain - split caused by the BIP148 user activated soft fork (UASF)-- although the mining hardware producer has sent out mixed signals about the project since.

Also on same date User Activated Soft Fork (UASF) will get activated.

GDAX is reffering to the August 1 deadline for the BIP148 User Activated Soft Fork (UASF), because of which tensions are high and prices of bitcoin and other cyrptocurrencies have already started declining rapidly in anticipation of a major market disruption.

Suggestions were put forward from a divided community for either a hard fork or a User Activated Soft Fork.

Antpool, one of the largest mining pools, signals for Bitcoin Unlimited however, the Bitmain CEO is firmly against a «User Activated Soft Fork» as it will split split the blockchain and create 2 or 3 kinds of Bitcoin if majority miners vote «no».

They also had to fork project due to the upcoming User Activated Soft Fork (UASF), which was set to occur and it did on August 1.

A User Activated Soft Fork (UASF) is a more sophisticated soft fork and it is a controversial idea that explores how a blockchain might add an upgrade that is not directly supported by those who provide the network's hashing power.

Bitcoin Improvement Proposal (BIP) 148 is a user activated soft fork, i.e. a soft fork that has been activated by the users.

Eventually, some of core supporters came up with the idea of a UASF (User Activated Soft Fork), called BIP 148.

A closely related topic is BIP148, the user activated soft fork (UASF) scheduled to activate SegWit on August 1.

Bitcoin News today — As we approach 1 August and the implementation of BIP91 scaling solution, it appears that Bitcoiners are fearful of what might just happen in terms of a UASF (User Activated Soft Fork) and the possibility of creating Bitcoin Cash.

August 1st is also the scheduled activation of BIP 148, also known as the User Activated Soft Fork (UASF).

As a User Activated Soft Fork (UASF), all users that run a BIP 148 node will then start rejecting any and all blocks that do not signal support for SegWit by the «deadline» — or, perhaps more accurately, «ultimatum» — set by BIP 148 users.

Even if it is called a user activated soft fork, in essence, it will be a hard fork.

In order to activate Lightning in the bitcoin ecosystem, SegWit had to be activated via a User Activated Soft Fork (UASF) which required more than 90 % of the network to agree on the protocol upgrade.

Cointelegraph The call to raise a bounty for the development of a code that would enable a safe User Activated Soft Fork has raised -LSB-...]

Not exact matches

A user - activated soft fork (UASF) is a controversial idea that explores how a blockchain might add an upgrade that is not directly supported by those who provide the network's hashing power.

Either way, for some users the revelation added to the desire to have the Segregated Witness soft fork activated on the Bitcoin network.

Some supporters of user - activated soft forks (UASFs) have stated that they intend to enforce the UASF unless it is not widely supported or followed, and then would back off.

Bitcoin Improvement Proposal (BIP) 148, the much - discussed user - activated soft fork (UASF) activated at block 478,484 on the bitcoin blockchain, though its code changes were superceded by another proposal designed to disable it.

Like all soft forks, a UASF would still be an opt - in proposition for regular users, assuming it activates smoothly.

As the debate escalates, supporters from both sides are now threatening to push for user activated forks (both soft and hard).

Bitcoin Core's original roadmap, the Segwit2x plan and users rallying around a change known as a «user - activated soft fork» (UASF), all call for the upgrade.

This phenomenon may partially be attributed to the grassroots UASF (user - activate soft fork) campaign that swept the Bitcoin community at the time (I too had the #UASF hashtag next to my username) spearheaded by those who considered the hard - fork to be an attack on Bitcoin — hence the camouflage on those really cool hats.

While Bitmain has now thrown its support behind the SegWit2x proposal, some Bitcoin Core contributors have drawn a line in the sand with their support of BIP 148, which is an attempted user - activated soft fork of Segregated Witness (SegWit).

At that point it was referred to as Bitmain's «contingency plan,» which the hardware manufacturer would launch in case the BIP 148 user - activated soft fork took off.

During his discussion with co-hosts Adam B. Levine and Andreas Antonopoulos, Pair shared his thoughts on the potential of Bitcoin without any further protocol changes, the issues he sees with Bitcoin Unlimited, and user - activated soft forks.

a user - activated soft fork (UASF) so that users could set a deadline for enforcing the new rules instead of having the miners activate the soft fork.

A Bitcoin developer, Shaolinfry, proposed a user - activated soft fork (UASF) so that users could set a deadline for enforcing the new rules instead of having the miners activate the soft fork.

Designed by its authors as a means to «motivate miners to report Segwit» and to overcome the constraints of the BIP 9, the BIP 148 presents itself as a soft fork «activated by users» By the nodes of the network and the exchanges.

During the summer of 2016, a debate began brewing in the bitcoin community, after nodes started suggesting the Segwit2x fork and the user - activated - soft - fork.

Unfortunately, SegWit did not get the necessary support from miners which led the «User - Activated Soft Fork» or UASF, a fork that aimed to compel miners into signaling approval for SegWit, by rejecting blocks that did not contain this sigFork» or UASF, a fork that aimed to compel miners into signaling approval for SegWit, by rejecting blocks that did not contain this sigfork that aimed to compel miners into signaling approval for SegWit, by rejecting blocks that did not contain this signal.

BIP 148 seeks to enact a user - activated soft fork (UASF) which would find node operators upgrading to SegWit.

Bitcoin core developer Greg Maxwell has newly outlined why he «does not support» a user - activated soft fork (UASF) as it figures in BIP 148.

On June 14, Bitmain released an official blog post entitled «A contingency plan against UASF,» which laid out the company's plan to force the execution of a hard fork with Segwit activates through a user - activated soft fork (UASF).

Plus, so - called user - activated soft forks (UASFs) can have similar outcomes — splitting the chain into two blockchains with competing cryptocurrencies — if there's substantial disagreement.

Despite the scaling solution receiving its equal rap of criticism, it is being suggested that a so - called user - activated soft fork (UASF) may be the safest and most popular way to provide an end to the deadlock.

Even after the intense scaling debate throughout the summer and into the fall, nodes signaling for the user - activated - soft - fork (UASF), and Segwit2x (BTC1) continues to this day.

As tensions resulting from Bitcoin Unlimited's growing dominance started to boil over, two further proposals soon emerged that has today taken center stage in the scaling debate: a user - activated soft fork for the «mandatory activation of segwit deployment» as specified in BIP148, and SegWit2x.