Updated BIP 102 Gets Some Community Support, Now it’s Miners’ TurnGavin Andresen posted a new block size-related BIP proposal on Guthub. Though officially the so-called “bip-bump2mb.mediawiki” is a variation on a theme commonly known as BIP 102, and implies a 2 MB block size increase, some community members believe it technically is an almost precise copy of Bitcoin Classic. The proposal’s consensus threshold is set […]
Block Size Debate: Chinese Miners Side with Bitcoin CoreChina-based F2Pool, the world’s second largest miner in terms of capacity, confirmed it rejected the original idea of supporting Bitcoin Classic as a possible solution for block size scaling, and stuck with Bitcoin Core. The same decision was made by another Chinese miner HaoBTC. Its spokespersons state Chinese miners mostly side with Bitcoin Core. The […]
Bitcoin Classic: A New Hope following the Revenge of the HearnSurprisingly for many bitcoin community members, Jonathan Toomim’s Bitcoin Classic proposal has garnered support from as much as 72% of the network’s mining capacity. With the consensus threshold set at 75%, the proposal is very likely to become active in no time.