#scaling

“I Think we should Demount these kind of Training Wheels, Step by Step.”

July 10, 2017 by Christoph Bergmann at Ethereum, Interviews, News

Christoph Jentzsch, co-founder of Slock.it and one of the leading Ethereum developers, spoke to BTCMANAGER about lessons from the DAO hack, the ICO hype and Ethereum’s plans to scale. Slock.it is a startup from Mittweida, a small town in Saxony, Germany. The startup aims to build an Universal Sharing Network,...

“Very simple. Very easy. Good.”

July 7, 2017 by Christoph Bergmann at Bitcoin, Commentary, News

At the Future of Bitcoin, the alleged Satoshi Craig Wright held a furious talk, which was interrupted by emergent eruptions of applause. What a show in Arnhem! In the conference room in Arnhem’s WTC few people really believe that Craig Wright is Satoshi. However, the man is an enigma. There...

Understanding Block Weight: How much Capacity does SegWit really Give?

June 26, 2017 by Christoph Bergmann at Bitcoin, Blockchain, News

With SegWit2x we’ll soon experience the activation of SegWit. Block size will be replaced by block weight, transactions capacity will be increased, and fees will fall. But how exactly and to what scope is not an easy question. In recent weeks the public argument shifted from the question, if SegWit...

Coming to your Altcoin soon: Lack of Capacity Causes Congestion on Ethereum

June 26, 2017 by Christoph Bergmann at Blockchain, Ethereum, News

The problem is well known for Bitcoin; there are more transactions than miners can confirm. Now the shortage has reached Ethereum. Especially after popular ICOs, like Status’, the transaction volume is far beyond the network’s capacity. This problem could be easily solved. The miners, however, resist. Actually, Status is not...

Chinese Exchanges to Lessen Bitcoin Fees by Building Lightning-Like Tech

June 12, 2017 by Joseph Young at Bitcoin, Blockchain, Finance, News

On June 3, an insider source told Chinese cryptocurrency news agency CnLedger that two of the largest Chinese bitcoin exchanges Huobi and OKCoin are currently working on the development of an off-chain payment channel similar to the Lightning network to lower transaction fees. CnLedger reported: “Chinese exchanges Huobi and OKCoin...

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...

#UASF: Power to the Users?

May 23, 2017 by Christoph Bergmann at Bitcoin, Blockchain, Commentary

When the miners display inertia, the users do it by themselves; the movement for BIP148, the user-activated soft fork, is gaining momentum. On August 1 the soft fork will activate. We explain what is behind the keyword #UASF. Suddenly things can happen quickly. Front and center in the Bitcoin community...

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...

Litecoin Breathes Life into Segregated Witness

May 11, 2017 by Joseph Young at Altcoins, Blockchain, News, Tech

After a month-long deliberation, the Litecoin community came to a consensus to activate Segregated Witness on Litecoin. On May 10, Litecoin creator and Coinbase Director of Engineering Charlie Lee celebrated the implementation of SegWit on his social media; litecoin will serve as an experimental testbed for bitcoin and may go...

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