Sentences with phrase «activation of soft forks»

It's a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.

While Litecoin inventor Charlie Lee has been advocating for activation of the soft fork since late 2016, miner support initially did not follow.

The other tradeoff is that the method allows a small number of hash power to veto activation of the soft fork for everyone on the network.

Not exact matches

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.»

Over the past couple of years, soft forks were mostly implemented by hash power activation.

The timeline for that support will be driven by the activation of the required soft fork,» Pair said, «but we don't know exactly when the activation will occur, so we don't want to spend time now only to have it take another six months or a year before activation happens.»

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.

An initiative by Digital Currency Group CEO Barry Silbert, the project — later dubbed «SegWit2x» — was to combine activation of the Segregated Witness soft fork with a hard fork to double Bitcoin's block weight limit.

It's a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority.

Prior to the activation of the Segregated Witness soft fork in August 2017, there were concerns about the scalability and malleability of Bitcoin due to the size limit of the blocks and a potential manipulation of the transaction ID.

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.

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