Sentences with phrase «about increasing the block size»

«There is a spirited discussion currently happening about increasing the block size.

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Preston: [00:23:24] So I hope you guys enjoy the discussion with the discussion for the masterminds going to pick up talking about this 2X upgrade that's about to happen in November where they're trying to increase the block size even though this Segwit thing has already happened that it's already alleviated a lot of the pressure for the transactions being fit into the block.

The proposed soft fork replaces Bitcoin's block size limit with a block «weight» limit, which offers an effective block size limit increase of about 0.7 to 1.0 megabyte, depending on the types of transactions included in a block.

If activated, SegWit offers a number of benefits, one of which is an effective block size limit increase to about 1.6 to 2 megabytes, depending on the types of transactions included in blocks.

The Bitcoin block size debate about how the Bitcoin network can support increased transactions without compromising the original values of decentralization and democratic control, has dominated forums, chat rooms and social media for months now.

When asked about an activation threshold for a hard fork, Ver seemed to distance himself from the idea of increasing the block size limit without a large amount of support signaled by miners on the network.

As the spirited debate about the block size increase and the best ways to switch continues, it is clear that there is a need to lead the important industry - wide discussion, bringing all involved parties together, opening the lines of communications, and providing the venue for all points of view to be heard.

After Corallo's post, Pieter Wuille, a Core developer since 2011 and co-founder of Blockstream, penned a response in support of increasing the block size, but wary about using Andresen's proposed method and hard forks.

It is hard to remember a time when Bitcoin community wasn't arguing about the increase in block size.

Even with increases in block size it was estimated that the blockchain capacity could only support about 800 million users with micropayment channels due to the number of on - chain transactions required to open and close channels,» read the paper.

A new version 0.12.0 of the Bitcoin Core has been officially released amidst the ongoing debate about the way to increase the size of bitcoin block.

While many continue to argue about the merits of hard forks versus small forks, the first significant increase in block size in quite some time is nearly ready to launch.

Further, Dash's new software rollout will also increase the network's maximum block size from 1Mb to 2Mb, allowing for about 48 transactions to confirm every second, compared to Bitcoin's 7.

Many mining pools, even those that routinely complain about the lack of a hard - forking increase to the block size limit, are now pushing marketing campaigns built around this new, growing source of revenue for hashers.

Questions have also been raised about aspects of the governance system proposed for Bitcoin Classic, the introduction of two functioning blockchains that share years of transaction history and each with its own network of assets, and the exact degree of support from bitcoin miners for Bitcoin Classic versus a broader block size increase, particularly those based in China.

The move to develop the technology finds Purse pitching its implementation - one that is today an alternative to versions by Bitcoin Core and Bitcoin Unlimited - as a third option in the scaling debate that would bring about a block size increase and malleability fix via soft fork, or a change that doesn't risk splitting the bitcoin blockchain.

Notably, in December 2015, the moderator Theymos rеmoved Armstrong's tweet about Coinbase running Bitcoin XT «as an experiment,» provoking an outcry among the supporters of the block size increase, who accused Theymos of blatant siding with Bitcoin Core.