#Bcoin

Character Assassins for Hire: The Story Behind the ASICBoost & Extension Blocks Scandal

April 24, 2017 by Christine Chiang at Bitcoin, Blockchain, Commentary, News

Bitcoin has a problem; the demand for Bitcoin far outweighs the bandwidth of transaction throughput that the network can sustain. The Bitcoin “highway” is constrained at 1MB per block, or one single analogous lane, which permits a “speed limit” of between 3.3 to 7 transactions per second. For comparison, VISA...

Purse and BitPay Propose Extension Block Soft Fork. Could this End the Block Size War?

April 7, 2017 by Christoph Bergmann at Bitcoin, Blockchain, News, Tech

After SegWit-2MB, Extension Blocks is the second proposal from the week beginning April 3 that aims to overcome the block size crisis. The proposition is backed by BitPay, Purse and a Lightning developer. Chinese miners seem to like the idea, while some Core developers react slightly irritated but engaged in...

Alternative Implementation Bcoin Mines its First Block

March 14, 2017 by Christine Chiang at Bitcoin, Blockchain, News

BTC.com successfully completed midwife duties for the very first Bcoin block that made it onto Bitcoin’s mainnet. Block #457010 timestamped 04:30:51 on March 13 was found; some blocks were orphaned in the making. On February 10, Bcoin, Purse.io’s Bitcoin full node reimplementation of the Bitcoin consensus protocol, was publicly released...

Bcoin: “Menace” to the Bitcoin Network?

February 4, 2017 by Christine Chiang at Bitcoin, Commentary, News, Tech

In the context of Satoshi Nakamoto’s early warning to Gavin Andresen in 2010 on Bitcointalk against building minority versions of the Bitcoin protocol, secondary implementations were at the time dubbed “menace” to the network. “I don't believe a second, compatible implementation of Bitcoin will ever be a good idea. So...