Sentences with phrase «oppose block size»

The people that oppose block size increase want to keep bitcoin on the fringe... and not mainstream.

Not exact matches

Although, this shouldn't be too surprising as the block size debate is known to be one of the most controversial topics within bitcoin circles — with bitcoiners positioning themselves around two major camps: supporters of bigger blocks for the purpose of scaling and those who oppose bigger blocks because of centralization concerns.

The bottom line here is, while having two opposing communities, Reddit Bitcoin and Reddit BTC (pro big block size), enables better communication amongst users and developers in the bitcoin industry, both groups must take necessary steps to evaluate each other's proposals and software before criticising them.

Roger Ver starts off by saying «just continuing the existing approach of increasing block sizes is the safe path,» as opposed to letting fees skyrocket to unusable levels.

nChain opposes SegWit and instead supports removing the Bitcoin blockchain's artificial block size limit (temporarily set at 1 MB) to fuel increased scalability.

There was a lot of debate around how to solve this problem, and that led to a split between two groups with opposing viewpoints: those in favor of increasing the size of blocks in the blockchain versus those in favor of restructuring the way data was stored in the existing blocks.

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.

Furthermore, the block size will be increased to four mb, as opposed to the original two mb proposition by the original SegWit2x developers.

These two options, although close in popularity, differ greatly from one another and represent the opposing sides of the ongoing block size debate.

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.

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.

One faction of the community wants to increase Bitcoin's block size to shorten transaction times, while another is opposed.