Sentences with phrase «accepted by the miners»

Not exact matches

Since the Bitcoin Network's inception, changes to the Bitcoin Network have been accepted by the vast majority of users and miners, ensuring that the Bitcoin Network remains a coherent economic system.

Users and miners must accept any changes made to the Bitcoin Network (including those proposed by the Core Developers) by downloading the proposed modification of the source code.

However, a developer or group of developers could potentially propose a modification to the Bitcoin Network that is not accepted by a vast majority of miners and users, but that is nonetheless accepted by a substantial population of participants in the Bitcoin Network.

When Dai (Paddy Considine) welcomes their alliance, Mark, joined by the likes of Joe (George MacKay), Steph (Faye Marsay) and the extravagant actor Jonathan (Dominic West) set off to Wales to lend a hand — though it's one many of the miners refuse to accept.

Friction between the groups — stemming from the macho - minded miners» skepticism and reluctance to accept LGSM's help — inevitably arises, but inch by inch the two parties form a sturdy partnership.

When the miners went on strike, UP responded by practicing a kind of reverse outsourcing, replacing striking laborers with recently immigrated Chinese laborers who accepted the lower pay.

Software patches were released late last week that, if accepted by a majority of miners, would place a hold on funds siphoned from The DAO earlier this month.

After that, Segregated Witness support is activated, and Segregated Witness transactions are accepted by Bitcoin miners.

Even though the blocks generated by P2pool use these extra rules, miners that don't play by these same rules still accept P2pool's blocks.

Essentially, Garzik and Buterin believe that soft fork implementations fail to reflect the view of the open source community of Bitcoin, since soft forks are verified, accepted, and implemented by the Bitcoin Core developers, instead of miners and node operators in the industry.

These users and miners will only accept Bitcoin blocks that signal support for Segregated Witness (SegWit), the protocol upgrade proposed by the Bitcoin Core development team.

Case in point for some is that Bitmain now accepts bitcoin cash exclusively for new miners, a mandate that has come under fire by some, like Mow, who deem the move against the free market ideology Wu is said to support.

You choose the number of confirmation time like to say 1 confirmation and will pay 0.00730545 BTC miner fees for the new payment which will presumably be accepted in the next 10 minutes by miners.

It's important to know that a miner only makes money when they propose a block that gets accepted by the other miners.