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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: block size

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

Category: Bitcoin, Blockchain, Commentary, News

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

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 broad alliance for a new compromise. At least there is…

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The World’s Biggest Mining Pool Mines a couple of Bitcoin Unlimited Blocks

Category: Bitcoin, Blockchain, News

The World’s Biggest Mining Pool Mines a couple of Bitcoin Unlimited Blocks

AntPool, the world’s biggest Bitcoin mining pool, finally makes its actions speak rather than its words. After complaining about the unsolved capacity problems, the pool mined a couple of Bitcoin Unlimited blocks. But the story is far from clear. You can say a lot of things about Jihan Wu; as the co-founder of BitMain, the world’s most important manufacturer of…

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The Ballot Regarding Bitcoin’s Future has Begun

Category: Bitcoin, News, Tech

The Ballot Regarding Bitcoin’s Future has Begun

SegWit or Unlimited? The miners will proceed to vote on how to scale Bitcoin. Everything depends on the decision of the mining pools. If no solution wins, Bitcoin will remain unchanged. You may not have noticed, but Bitcoin is underway with the most public election ever conducted in history. It is Segregated Witness (SegWit) versus Bitcoin Unlimited, or simply put;…

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ViaBTC Loses Hash Power; Impact on Bitcoin Core

Category: Bitcoin, Commentary, News

ViaBTC Loses Hash Power; Impact on Bitcoin Core

In a controversial announcement, major bitcoin mining pool ViaBTC publicly stated that all of its hash power will be allocated to mining Bitcoin Unlimited blocks, a hard fork proposal intended to increase the block size to a capacity that miners agree on. Since the initial announcement on October 10, ViaBTC continued to create controversy over their questionable statements and discussions,…

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Bitcoin Price Surges as Chinese Miner Conference Concludes

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Price Surges as Chinese Miner Conference Concludes

The price of bitcoin jumped sharply on October 22 in response to the conclusion of the biggest ever conference of miners in China, where the participants discussed scaling issues. In the first ever event that included all of the major miners in China, Huang Shiliang, a famous Bitcoin advocate, delivered an important talk which could be a pivotal moment for…

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Block Size Debate Heats Up as SegWit Release Approaches

Category: Bitcoin, Commentary, News, Tech

Block Size Debate Heats Up as SegWit Release Approaches

As ViaBTC, a major bitcoin mining pool, shifted toward Bitcoin Unlimited and the eventual execution of a hard fork to increase the bitcoin block size by 8 MB, the debate between the supporters of Core solutions and Unlimited has become the main source of attraction for many bitcoin enthusiasts. Bitcoin experts argue that increasing the block size is unnecessary, as…

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Bitcoin Experts Weigh In on Hard-Fork Debate

Category: Bitcoin, News

Bitcoin Experts Weigh In on Hard-Fork Debate

Bitcoin scalability and how to ensure Bitcoin will be able to support a larger and larger user base has been discussed since its inception in 2009. For the longest time, Bitcoin has been able to make due with its current 1MB limit. However, as more transactions are made per second, and the block size limit has remained the same, network…

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Lightning and Thunder: Mats Jerratsch of Blockchain Gives His Forecast

Category: Commentary, Interviews, News, Tech

Lightning and Thunder: Mats Jerratsch of Blockchain Gives His Forecast

A common challenge associated with forwarding a few bitcoins from one wallet to another is the often slow pace at which it occurs. At times, upward of 10 to 15 minutes or more might pass before the transaction is fully executed and confirmed on the blockchain. What’s behind this delay? In short, the blockchains’ server ecosystems share the same transaction…

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Breaking It Down: An Introduction to Segregated Witness

Category: Commentary, News, Tech

Breaking It Down: An Introduction to Segregated Witness

The support for Segregated Witness, a block size and bitcoin network scaling mechanism proposed by Bitcoin Core developer Pieter Wuille at the Scaling Conference Hong Kong, has grown exponentially since its introduction on December 7, 2015. An increasing number of prominent bitcoin startups including CoinKite, Mycelium and BitGo have already announced their support for Segregated Witness and have established plans…

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Bitcoin Classic Beta Now Released For Testing

Category: News, Tech

Bitcoin Classic Beta Now Released For Testing

Bitcoin Classic has reached the next stage of implementation. Today Jeff Garzik announced on GitHub that Bitcoin Classic 0.11.2.cl1 Beta 2 can be downloaded on GitHub or at the Bitcoin Classic website. “This is a test release, not intended for mining,” Garzik notes in the announcement. The immediate goal is to have companies and individuals run extra nodes, taking the total…

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