#Bitcoin Unlimited

Graphene Compression Merger May Be the Solution to Bitcoin Scalability Issue

July 30, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Development, News

Eight months after presenting a case for Graphene as a solution to the bitcoin cash blockchain’s scalability issue, Bitcoin Unlimited has unveiled its block compression utility that takes care of excessive blockchain bandwidth usage. Presented in November 2017 at a developers conference, Graphene uses what has been described as “crazy...

The Global Village of the Big Block Community

July 5, 2017 by Christoph Bergmann at Bitcoin, Commentary, News, Tech

At the conference “The Future of Bitcoin” in Arnhem, the ‘Big Block’ community met to listen to talks and shake hands. The event expressed a strong belief that on-chain scaling is possible and necessary. Among the many highlights of the event have been a furious presentation of Pseudo-Satoshi Craig Wright...

UASF: The Revolt that Will Not Happen

June 4, 2017 by Christoph Bergmann at Bitcoin, Blockchain, Commentary, News

The User-Activated Soft Fork (UASF) wants to enforce SegWit against the will of the miners. After the movement had gained a growing momentum, it had to gulp serious drawbacks in the past weeks. Neither exchanges, miners nor Core developers stand behind it. Is this the end of the self-declared user’s...

Silbert’s Agreement: How a Broad Alliance of Miners and Companies Declared the end of Bitcoin’s Scaling Wars

May 26, 2017 by Christoph Bergmann at Bitcoin, Blockchain, Commentary, News

Did we, finally, do it? A consortium of Bitcoin companies and miners announced an agreement about the year long fight for an increase of Bitcoin’s capacity; SegWit should be activated soon, and a hard fork will increase the block size limit to 2MB sometime during the next six months. What...

Number of Unconfirmed Transactions Reaches All Time High: Heated Community Discusses Solutions

May 19, 2017 by Christoph Bergmann at Bitcoin, Blockchain, Commentary, News

Never before has the Bitcoin Blockchain seen such a large traffic jam. The number of unconfirmed transactions reached a level, at which it hurts. The Bitcoin economy is not amused; BitPay’s Stephen Pair speaks out with exceptional clarity, while Barry Silbert of the Digital Currency Group tries to establish a...

Feature, Bug or Backdoor? AntBleed Code Enables BitMain to Remotely Shut Down AntMiner

April 27, 2017 by Christoph Bergmann at Bitcoin, News, Tech

The scandals engulfing Chinese ASIC producer BitMain seem never to end. On April 26, a string of code in the AntMiner firmware was disclosed which can remotely shut down some of the mining machines. BTCManager talked with BitMain’s CEO Jihan Wu and a Canadian Miner; a Bug or Feature? On...

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...

Andre De Castro’s Views on the Block Size Debate: A “Bit” Nuts or Spot On?

April 20, 2017 by Michael Scott at Bitcoin, Blockchain, Interviews, News

As CEO and founder of Blockchain of Things, Inc., Andre De Castro has a penchant for being a bit of a rebel rouser. As an active participant in the Bitcoin community and industry since 2010, he has worked as a software developer, investor, trader, advisor, and U.S. policy influencer. His...

SegWit-2MB: The Solution to the Block Size War – or the Submission of Bitcoin to Politics?

April 6, 2017 by Christoph Bergmann at Bitcoin, Blockchain, News

Bitcoin developer Sergio Lerner has proposed a compromise, a 2MB hard fork with a SegWit soft fork. The developers are not overly enthusiastic, while some prominent members of the community are thrilled. In older times, when wars were not yet mechanized and digitized, the opposing parties made peace often just...

Maxwell Discovers Potential Covert Use of AsicBoost, Encourages SegWit Activation

April 6, 2017 by Joseph Young at Bitcoin, Blockchain, News, Tech

On April 6, Blockstream CTO and Bitcoin Core developer Greg Maxwell revealed on the Bitcoin development mailing list that a specific ASIC miner manufacturer had been covertly using AsicBoost to increase its mining revenue by at least 30 percent; many sources have reported it is indeed Bitmain, perhaps explaining their...

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