Sentences with phrase «user activated soft fork»

Tension is ratcheting up as the August 1 deadline for the BIP148 User Activated Soft Fork (UASF) approaches.

UASF stands for User Activated Soft Fork.

The temporary freezing of dealing platform is expected to save both Bitcoin operators and investing public from the unwanted confusion which might crop up from the much hyped split nomenclatured as User Activated Soft Fork (UASF).

Also on same date User Activated Soft Fork (UASF) will get activated.

They also had to fork project due to the upcoming User Activated Soft Fork (UASF), which was set to occur and it did on August 1.

Cointelegraph The call to raise a bounty for the development of a code that would enable a safe User Activated Soft Fork has raised -LSB-...]

Tension is ratcheting up as the August 1 deadline for the BIP148 User Activated Soft Fork (UASF) approaches.

Shaolinfry proposed an alternative: a user activated soft fork (UASF).

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.»

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.

By April of 2017, this attitude led Litecoin creator Charlie Lee to advocate for a user activated soft fork on «his» coin.

A segment of the Bitcoin community is preparing a user activated soft fork (UASF), using Bitcoin Improvement Proposal 148 (BIP148).

They will stay put on the existing protocol even if that means it takes much longer for blocks to confirm, or they will roll out a user activated soft fork, or perhaps they will even deploy a counter — hard fork.

A segment of all Bitcoin users is committed to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148).

Some have even gone as far as to suggest a User Activated Soft Fork (UASF), a type of fork where nodes actively reject blocks that don't signal for SegWit activation.

But recent events like BIP148, BIP91, user activated soft forks are proving that we are learning more and discovering how Bitcoin's economic incentives are aligned,» Ametrano said.

Today is a momentous day for Bitcoin — the day that the UASF, User Activated Soft Fork, activated.

and the possibility of Segwit2x, a user activated soft fork (UASF), and a user activated hard fork (UAHF) being deployed.

Currently, there are multiple new bitcoin implementations being tested and the possibility of Segwit2x, a user activated soft fork (UASF), and a user activated hard fork (UAHF) being deployed.

And Bitcoin Improvement Proposal 148, or BIP148, is a user activated soft fork (UASF) scheduled for August 1st that also intends to activate SegWit.

Bitcoin Cash is the realization of the «User Activated Hard Fork» (UAHF) that was first announced as Bitmain's contingency plan in case of a chain - split caused by the BIP148 user activated soft fork (UASF)-- although the mining hardware producer has sent out mixed signals about the project since.

A segment of all Bitcoin users plans to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148).

GDAX is reffering to the August 1 deadline for the BIP148 User Activated Soft Fork (UASF), because of which tensions are high and prices of bitcoin and other cyrptocurrencies have already started declining rapidly in anticipation of a major market disruption.

Suggestions were put forward from a divided community for either a hard fork or a User Activated Soft Fork.

Antpool, one of the largest mining pools, signals for Bitcoin Unlimited however, the Bitmain CEO is firmly against a «User Activated Soft Fork» as it will split split the blockchain and create 2 or 3 kinds of Bitcoin if majority miners vote «no».

In BIP 148, a User Activated Soft Fork is initiated as a signal to move toward mandatory activation of Segregated Witness (SegWit) deployment and the window in which enactment of BIP to be initiative sits between midnight, Aug. 1, 2017 and midnight, Nov. 15, 2017.

Bitcoin Improvement Proposal (BIP) 148 is a user activated soft fork, i.e. a soft fork that has been activated by the users.

A User Activated Soft Fork (UASF) is a more sophisticated soft fork and it is a controversial idea that explores how a blockchain might add an upgrade that is not directly supported by those who provide the network's hashing power.

Faith in Bitcoin remains despite the Block Size Debacle while Litecoin is aiming for a user activated soft fork which could be good news for Bitcoin's scaling decision.

Eventually, some of core supporters came up with the idea of a UASF (User Activated Soft Fork), called BIP 148.

The first is, indeed, activation of Segregated Witness by flag day activation: miners can be «forced» to signal support for Segregated Witness through a User Activated Soft Fork (UASF) starting at a specific point in time.

A closely related topic is BIP148, the user activated soft fork (UASF) scheduled to activate SegWit on August 1.

Bitcoin News today — As we approach 1 August and the implementation of BIP91 scaling solution, it appears that Bitcoiners are fearful of what might just happen in terms of a UASF (User Activated Soft Fork) and the possibility of creating Bitcoin Cash.

According to Bitmain's statement, UASF, or User Activated Soft Fork, could increase the risk of a an attack on the Bitcoin blockchain by up to 51 %, due to the node's software changes that would invalidate certain kinds of previously valid blocks after a flag day.

As a User Activated Soft Fork (UASF), all users that run a BIP 148 node will then start rejecting any and all blocks that do not signal support for SegWit by the «deadline» — or, perhaps more accurately, «ultimatum» — set by BIP 148 users.

Even if it is called a user activated soft fork, in essence, it will be a hard fork.

In order to activate Lightning in the bitcoin ecosystem, SegWit had to be activated via a User Activated Soft Fork (UASF) which required more than 90 % of the network to agree on the protocol upgrade.