Sentences with phrase «transaction capacity growth»
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.
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Since each user must effectively opt in to the increased capacity offered by SegWit, the growth in capacity would be seen when users start using SegWit transactions rather than when the protocol change is initially activated.
nChain is also developing solutions for blockchain scalability and strongly supports Bitcoin Unlimited's vision of an expanded blocksize capacity that will eliminate the transaction congestion threatening Bitcoin's growth.
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