Sentences with phrase «vote by miners»

Not exact matches

Bitcoin hosts («miners») essentially «vote» on any system changes by choosing what software to run.

Democrats from coal - producing states, led by West Virginia Senator Joe Manchin, had delayed the Senate vote on the funding bill in a failed attempt to get a bigger extension of miners» healthcare benefits that expire at the end of this year.

Satoshi Nakamoto's idealistic vision of «one CPU one vote» has been superseded by a reality where the manufacture and distribution of mining equipment have become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.

Government has come under attack by thousands of Ghanaians engaging in illegal mining threatening to vote against the ruling party in the next elections despite their (illegal miners) hazardous activities on the environment.

It also includes money to permanently extend health benefits for retired miners, a top priority of Senate Democrats facing reelection next year such as Sens. Joe ManchinJoseph (Joe) ManchinTrump to hold Nashville rally amid efforts to boost GOP Senate hopeful Voters Dems need aren't impressed by anti-waterboarding showboating Overnight Finance: House rejects farm bill in conservative revolt NAFTA deal remains elusive as talks drag on Dodd - Frank rollback set for House vote MORE (W.Va.)

Earlier this week, a blog post entitled Segregated Witness's soft fork and a vote of no confidence by the software engineer Steve Sokolowski climbed to the front page of the popular online bitcoin community Reddit BTC (/ r / BTC), which entailed numerous inaccuracies in regards to the impact of the Segregated Witness on bitcoin users, businesses, and miners.

Bitcoin's oldest mining pool, Slush Pool, will let its miners vote on the Segregated Witness soft fork proposed by Bitcoin Core.

While Segregated Witness is now available for miners and nodes to vote on, the proposal (one long favored by its development team) has thus far failed to obtain the signaling needed for approval from miners.

Maybe we do need some technological measures, such as miner voting, maybe proof - of - stake voting, but beyond that, it's really hard to imagine how you actually create durable social institutions when they're so easily undermined at protocol, almost by design.»

We propose a mathematical formalism for the voting process in BIP 100 that can be used to algorithmically determine the best block size limit that would be considered appropriate by all voting miners.

«Satoshi Nakamoto's idealistic vision of «one CPU one vote» has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.»

Bitcoin Cash has taken the approach of allowing block size to be voted on by miners with a hard cap at 32 MB.

By requiring votes and limiting the pool of miners to 20, the number of entities that are able to affect the blockchain in a potentially harmful way is greatly reduced.