The Bitcoin Hard Fork—A Tiger by the Tail

November 14, 2017 | Courtesy of zerohedge.com

copy link
copy link

It did not happen. The bitcoin hard fork scheduled for block number 494,784 that was agreed to at the Consensus meeting in May that was to be enacted in mid-November has been cancelled. Mike Belshe, CEO of BitGo, stated, “we have not built sufficient consensus for a clean block size upgrade at this time.” SegWit2X, as the upgrade was to be known, would have doubled the bitcoin block size from one megabyte to two and removed the signature data now processed with each transaction.

Read more

Archives

Search

All
Politics
Education
Tech
Health
Entertainment
Faith
Sports
Random