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Arguements over Bitcoin XT Version
Tuesday August 18,2015 : BITCOIN FURORE OVER NEW XT VERSION
Developer says consumers are starting to embrace the new version, but there's a lack of consensus among developers.
Users of the Bitcoin virtual currency are reportedly unhappy with the new Bitcoin XT version developed by Mike Hearn and recommended by the currency's chief scientist, Gavin Andresen...but the latter says that consumers are starting to come round to the idea, with 10 percent of the network embracing the new product within the last few days.
There are however still fears that changing the software could split the virtual currency, although Hearn says its adoption is essential to ensure the currency can cope with growing demand.
A large number of bitcoin miners in China, are resisting XT due to concerns on how it may affect control over the currency, according to a BBC report Tuesday..
Bitcoin's blockchain - a digital ledger of all transactions made with the currency - is currently made up of 1MB blocks.
Bitcoin XT would enable these blocks to grow to 8MB.
Detractors point out that this would mean XT was no longer compatible with existing Bitcoin software, creating two separate currencies and eroding trust in both.
Hearn told the BBC that the Bitcoin community's reaction to the release of the XT software at the weekend had been mixed, but there were some encouraging signs.
"We've gone from zero people running the software to 10 percent of the network in 72 hours, which is really good," he said, adding that a number of Chinese mining groups are resisting XT unless it is unanimously adopted by the core team.
Hearn said he had decided to force the issue in order to overcome the stalemate, saying that consensus in the core team remained elusive.
"If you look at the guys working on the Bitcoin core, they talk about consensus all the time - but if you ask them what they really mean, they can't tell you," he said, acknowedging that the reduced control developers have under XT could mean splitting the currency if agreement could not be reached.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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