Sentences with phrase «increasing the block size last»
He has made it known that he was in support of increasing the block size last year.
https://www.coinbureau.com/ Not exact matches
Legal technology aficionados took notice last month when a segment of the bitcoin community created a hard fork to accommodate a «block» size increase in the hopes of facilitating transaction capacity growth.
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.
This change in the block size limit would require a hard fork, and it is enabled 28 days after 750 of the last 1,000 blocks have been found by miners who support the increase.
«What is proposed is a soft - fork that increases bitcoin's scalability and capacity by reorganizing data in blocks to handle the signatures separately, and in doing so takes them outside the scope of the current block size limit,» Blockstream's Greg Maxwell wrote last December.
When Gavin Andresen and Mike Hearn released BIP101 / XT last week, they emphasized the need for an increase to the Bitcoin block size to address concerns of transaction scaling as adoption increases.
In an interview with Bitcoin Magazine published last week, ViaBTC CEO Haipo Yang explained he will reject the proposed soft fork in favor of a block size limit increase hard fork.
At the «Bitcoin Roundtable» in Hong Kong last February, Bitmain and AntPool representatives signed a letter supporting Segregated Witness, in return for a hard fork proposal to increase the block size limit from the Bitcoin Core developers present at the meeting.
Block sizes have slowly been increasing ever since the Segregated Witness (SegWit) soft fork was activated on the Bitcoin network last year (August 24; block # 481,Block sizes have slowly been increasing ever since the Segregated Witness (SegWit) soft fork was activated on the Bitcoin network last year (August 24; block # 481,block # 481,824).