Sentences with phrase «block size limit increase»

In addition to the effective block size limit increase, there are also a multitude of other advantages associated with this protocol change.

Whereas the first Scaling Bitcoin conference two years ago was a very specific reaction to a looming block size limit increase hard fork — then put forth by Bitcoin XT — this wasn't necessarily the motivation behind Breaking Bitcoin.

The most notable difference between Bitcoin Core and Bitcoin Classic is that the former prefers a soft fork block size limit increase through Segregated Witness.

This could be Bitcoin's biggest risk yet of a network split, as a significant part of the Bitcoin community (and nearly the entire Bitcoin Core development team, who were not invited to the SegWit2x meeting) remain strongly opposed to the SegWit2x plan as a whole, and especially to the 2 MB block size limit increase.

When asked if he thinks the Bitcoin Core roadmap is sufficient, Wu responded, «If (a soon and big enough) block size limit increase does [become] a part of the scaling roadmap, and the Lightning Network is ready soon enough, I think it will be sufficient for at least a few years from now.»

Last year, Slush Pool was the first pool to also offer their hashers a chance to indicate preference on a potential block size limit increase hard fork.

Instead, the letter expresses support for an initial block size limit increase through Segregated Witness.

As for Bitcoin, I don't think it would be possible to get a contentious hard fork passed considering the amount of debate we've had over a potential 2 megabyte block size limit increase.

In other words, Bitcoin Core sees the need for something like the Lightning Network for Bitcoin to scale, and simple block size limit increases are not going to cut it over the long term.

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.

to the SegWit2x plan as a whole, and especially to the 2 MB block size limit increase.

Support for Bitcoin Classic, which intends to deploy a block size limit increase to 2 megabytes via a hard fork, currently sits around 5 percent of the network hashrate, and representatives from the vast majority of Bitcoin miners and mining pools have no intention of breaking the previous agreement to run only Bitcoin Core software for the foreseeable future.

Starting November 15, Bitcoin miners can signal support for the proposed protocol upgrade, which, if activated, enables a number of new features on the Bitcoin network as well as an effective block size limit increase.

If accepted by other Bitcoin Core developers and the broader Bitcoin community, the proposal could pave the way to a block size limit increase.

Criticizing this approach, Palatinus said he does not believe Segregated Witness and a hard fork block size limit increase are mutually exclusive.

Apart from Segregated Witness signaling, Slush Pool hashers can still mine blocks indicating support for a block size limit increase hard fork.

Among these improvements is an effective block size limit increase to a range between 1.75 and 2 megabytes, depending on the types of transactions.

Some proponents of a block size limit increase, however, prefer a hard fork to increase the block size limit instead.

The Bitcoin Core contributors present at the meeting agreed to work on a block size limit increase hard fork to be proposed to the Bitcoin Core development team and the wider Bitcoin community.

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.

This has several advantages, including — but not limited to — a malleability fix, more flexible programmability, and an effective block size limit increase.

It also offers a block size limit increase for wallets that utilize the new feature, meaning users can enjoy lower fees and faster confirmation times.

It is said to be a malleability fix with more flexible programmability, and an effective block size limit increase.

This would offer several benefits, including an effective block size limit increase, a malleability fix and more.

All altcoins experience a much lower transaction volume than Bitcoin currently does; there is usually very little need for a block size limit increase at all.

This solution, which was made a first step in Bitcoin Core's scalability «roadmap,» offers an effective block size limit increase of.6 megabyte to 1 megabyte, along with additional improvements.

Set to offer an effective block size limit increase, a transaction malleability fix and more, Segregated Witness (SegWit) could soon go live on the Bitcoin network.

Bitcoin Classic was a hard fork project that offered an alternative vision of the scaling problem, opposing to the implementation of the Lightning Network solution instead of supporting the block size limit increase.

This hard fork would double Bitcoin's «base block size limit» to two megabytes, which combined with the block size limit increase brought by Segregated Witness should make for a total maximum of eight megabytes of block space.

The most notable change of the new software will be the block size limit increasing to tremendous 32 MB.

A large percentage of users believe that an increase in block size would result in the centralization of Bitcoin mining since the hardware requirements would escalate with a block size limit increase.

Different perspectives have divided the community into two different factions; those who are for and those who are against the block size limit increase.

Segments of the Bitcoin community, and in particular some major miners, opposed the upgrade or wanted a block size limit increase hard fork as part of the deal for activation.

a block size limit increase hard fork as part of the deal for activation.

, this was the third alternative protocol implementation designed to trigger a block size limit increase hard fork.

After Bitcoin XT and Bitcoin Classic, this was the third alternative protocol implementation designed to trigger a block size limit increase hard fork.

«I'm just not seeing acceptance from the Classic team that there are limits to the system, and we can't scale up [via a block size limit increase] indefinitely, so what's your long - term plan?»