• Antpool mined its first SegWit2x block today, signaling approval for the implementation of the SegWit scaling proposal and a hard-fork to double the block size. Antpool Goes SegWit Antpool, the biggest mining pool in the Bitcoin ecosystem with over 14% of the global hashrate, has mined its first SegWit2x block today, signaling approval for the ambitious scaling agreement that seeks to implement the SegWit soft fork and a subsequent hard fork to increase block size capacity to 2MB.

    Antpool Mines Its First SegWit2x Block

    | 2017/06/19 9:00 am
  • Though a Bitcoin scaling agreement was reached at the recent Consensus conference in New York, many companies are increasingly supporting a User-Activated Soft Fork (UASF)  as a means to activate SegWit. UASF Still on the Table Although reports have stated that the Bitcoin scaling debate may be coming to an end due to what has been known as the ‘Barry Silbert Agreement,’ recent developments indicate that it may still be far from over, leaving other options like the

    UASF Continues to Gain Support as ‘Secret’ SegWit2x Roadmap Revealed

    | 2017/05/30 10:30 am
  • An exhausting day at Consensus 2017 has culminated in Barry Silbert seemingly guiding major industry figures towards activating SegWit. Silbert’s SegWit Scheme Pays Off? In a closed-door meeting organized at Consensus 2017, Silbert allegedly convinced participants to sign on to SegWit by September, with a 12-month “countdown” to a 2MB block size increase. Investor Alistair Milne tweeted details of the meeting earlier Monday, with Blockstream’s Samson Mow adding information about the September date. I do not

    Consensus Bombshell Sees Bitcoin SegWit Slated For September

    | 2017/05/23 3:00 am
  • Entrepreneur and cryptocurrency fund creator Barry Silbert has concluded the community is behind SegWit after canvassing businesses and miners. Silbert SegWit Support Echoes Coin Dance In a series of Twitter posts, Silbert announced he had at least 50 businesses who had “signed on” to his preferred Bitcoin scaling solution – SegWit with a block size increase to 2 megabytes within 12 months. This was followed by almost 80% of network hashrate coming from miners who

    Barry Silbert’s ‘Compromise’ to Scale Bitcoin Nets 80% Hashrate Support

    | 2017/05/18 2:00 pm
  • Blockstream CEO Adam Back has refuted claims by Swedish Pirate Party founder Rick Falkvinge that the company “has patents in SegWit.”  Pirate Party’s Falkvinge: Blockstream SegWit Support Driven By Patents In a Twitter response Monday, Back stated Blockstream “does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit.” @DanDarkPill Blockstream does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit. — Adam Back

    Adam Back: Blockstream ‘Has No Patents Related To SegWit’

    | 2017/05/01 12:00 pm
  • Bitcoin entrepreneur Charlie Shrem shared his views on the scaling debate, stating that “it’s not about technology anymore, it’s about power.” Shrem: ‘It’s About Power’ Charlie Shrem, Bitcoin entrepreneur and co-founder of Intellysis, was present in today’s episode of the  Double Down show, dubbed “Does Block Size Matter?” with the usual hosts Max Keiser and Stacy Herbert. During the show, Shrem expressed his thoughts regarding the current state of the scaling debate or as Herbert called

    Charlie Shrem: ‘It’s Not About The Technology Anymore, It’s About Power’

    | 2017/04/25 9:00 am
  • Bitcoin core developer Greg Maxwell has newly outlined why he “does not support” a user-activated soft fork (UASF) as it figures in BIP 148. Maxwell: UASF ‘Guarantees Disruption’ In a circular to the Core mailing list Friday, Maxwell said that although he is not strictly against a soft fork, its incarnation in BIP 148’s UASF does not “really measure up to the standard set by segwit itself.” The debate over whether to galvanize the entire

    Core Dev Maxwell: UASF ‘Does Not Measure Up To Standard’

    | 2017/04/14 9:00 am
  • Litecoin creator Charlie Lee has appealed to the community to push through a user-activated soft fork (UASF). Lee: Alleged Bitmain Interference ‘Sad If True’ Litecoin, which last week came within 5% of the required miner support to activate Segregated Witness (SegWit), appeared to fall short over the weekend, something Lee put down to interference from anti-SegWit parties. “Sad if true,” he commented on Twitter about a suggestion from UASF code creator shaolinfry that Bitmain miner

    Litecoin Aiming for User-Activated Soft Fork Amid Rumors of SegWit Block

    | 2017/04/10 5:00 am
  • Bitmain CEO Jihan Wu has vowed to respond ‘soon’ to accusations the miner is exploiting a Bitcoin vulnerability to manipulate mining. Bitmain, Vulnerability Outing ‘Huge SegWit Confidence Boost’ A “covert” use of so-called ASICBOOST technology was circulated to the Core mailing list by contributor Greg Maxwell Wednesday. This would allow “a major manufacturer” to unfairly profit from centralization. While Bitmain was not named by Maxwell, community sources subsequently confirmed the company’s involvement. In case there

    ASICBOOST: Bitmain to Respond ‘Soon’ to Exploit Accusations

    | 2017/04/06 5:00 am
  • While Bitcoin Unlimited is gaining traction among miners, only a handful of Bitcoin companies are in favor of its bigger block and Emergent Consensus proposal. Breakdown by Company The scaling debate in which two predominant Bitcoin improvement proposals, SegWit and Bitcoin Unlimited, are competing for miners’ support is becoming more and more intense. As the debate escalates, supporters from both sides are now threatening to push for user activated forks (both soft and hard). While

    These 27 Companies Support Bitcoin Unlimited, 44 Oppose

    | 2017/04/05 12:00 pm
  • Two cases for Segregated Witness (SegWit) activation via different channels are moving closer to reality this week for Bitcoin. Meanwhile, Litecoin is getting closer to its own SW activation as its price is climbing to new highs. Litecoin Hits 3-Year High Despite not suffering the same teething problems as Bitcoin, SegWit appears to have definitely caught on at Litecoin, with support moving over 58%. At 75%, SegWit will trigger, as it already has done for fellow

    Price of Bitcoin’s ‘Lite’ Brother is Soaring as SegWit Seems Imminent

    | 2017/04/03 9:00 am
  • Bitcoin blocks are markedly less full at the weekend than during the week, with waiting times and fees lowering accordingly. ‘Legitimate’ Block Uses No Issue On Weekends Data from Blockchain shows that some blocks mined Saturday and Sunday, in fact, fall below the maximum 1 megabyte capacity available, with emptier blocks on Sunday, some of which are even below 500kB.  The phenomenon has led commentators to describe a peak and off-peak pattern in Bitcoin, suggesting

    On-Peak Or Off-Peak? Blocks Emptier & Spam-Free on Weekends

    | 2017/04/02 8:00 am
  • Hashcash inventor Adam Back has said Segregated Witness (SegWit) “fixes” an original bug in Bitcoin from creator Satoshi Nakamoto. Back: SegWit ‘Fixes Satoshi Bug’ As part of a Twitter exchange Friday, Back rebuffed criticism from Bitcoin Unlimited proponent Jihan Wu, demonstrating how SegWit is beneficial to the virtual currency’s core protocol. Wu, who is a co-founder of mining conglomerate Bitmain, had said that the technology would make the network “more complicated.” “SegWit is not more

    Adam Back to Jihan Wu: SegWit Not ‘Complicated,’ Fixes Satoshi’s Bug

    | 2017/03/31 8:00 am
  • Canada’s Bitcoin ecosystem has become the latest major sector of the industry to signal its rejection of a potential Bitcoin hard fork. Canada Group: Hard Fork Would ‘Create Irreparable Damage’ In a letter signed by a raft of businesses and services, from exchanges to hardware manufacturers, the idea of a contentious hard fork is severely criticized. An extract reads: We strongly believe that a hard-fork, as actively considered by Bitcoin Unlimited or Bitcoin Classic, would cause

    Canada Bitcoin Letter Rejects Hard Fork, Warns of ‘Irreparable Damage’

    | 2017/03/28 5:30 am
  • Andreas Antonopoulos has warned about Bitcoin Unlimited’s system of consensus and the dangers of a hard fork. BU ‘Sets The Rulers’ But ‘Doesn’t Change Rules’ In his latest Q&A session at the Singapore Management University Bitcoin and Ethereum meetup, the veteran commentator highlighted how BU “doesn’t change the rules” but “sets the rulers, who will then get to change the rules.” “…That is a very dangerous thing to do in Bitcoin, especially if it’s done as

    Bitcoin Unlimited ‘Sets The Rulers’ For Bitcoin – Andreas Antonopoulos

    | 2017/03/26 8:00 am
  • Wednesday saw the largest Tokyo Bitcoin meetup “in years” take place at the Pink Cow in the Japanese capital’s Minato district. ‘No Arguments’ Despite Core, Unlimited Presence Featuring appearances from Roger Ver, Jihan Wu and others, the meetup, organized by Chinese platform Bitkan, focused only lightly on the current Bitcoin scaling problem, with speakers presenting a range of opinions on the current and future state of Bitcoin. Ver himself spoke on “the importance of Bitcoin’s economic

    Large Tokyo Bitcoin Meetup Turnout Includes Jihan Wu, Core Supporters

    | 2017/03/23 6:00 pm
  • Roger Ver has received a pre-hard fork trade offer worth “up to” 130,000 bitcoins in a bargain receiving heavy publicity. Ver: Up To 130k Trade ‘Sounds Like Great Deal’ According to a post of the Bitcointalk forum, a Bitcoin bagholder known as “Loaded” signed a message from a wallet containing 40,000 BTC. In the message, Loaded challenges Ver to a one-to-one BTC/BTU trade in the event of a hard fork occurring. “@RogerVer lets make a

    Roger Ver Confirms He’ll Sell His Bitcoin: 130K BTU Trade a ‘Great Deal’

    | 2017/03/22 5:00 am
  • 20 Bitcoin Exchanges have agreed to list Bitcoin Unlimited (BTU/XBU) as an altcoin, if a hard fork should occur. BTC & BTU In the midst of a heated discussion on the scalability and future of Bitcoin, a group of 20 Bitcoin exchanges, including major eastern and western ones, have announced that should a hard fork occur, they will list BTC (Bitcoin Core) and BTU (Bitcoin Unlimited) as two separate currencies. This decision, backed by BitFinex, BitStamp,

    Could This Be The End For Bitcoin Unlimited?

    | 2017/03/17 11:30 pm
  • Worried about being stuck on the wrong side of a potential Bitcoin hard fork? Bitcoinist explores what regular users and holders should expect. Bitcoin at a Crossroads? Although the scaling debate has been going on for years, never has it been so urgent as it is now. As speculators continue to push the price to new heights and new users enter Bitcoin, the network is reaching full capacity. The two major scaling proposals, SegWit and Bitcoin Unlimited (BU), are currently

    How to Prepare for a Bitcoin Hard Fork

    | 2017/03/14 12:00 pm
  • Antpool is officially switching to Bitcoin Unlimited as mainstream media lead warnings of a potential Bitcoin hard fork. Antpool’s Wu Jihan: ‘We Will Switch 100% to Bitcoin Unlimited’ The block size solution, now slightly ahead of SegWit in terms of mining pool support, has gained the backing of 15% of miners and the largest single mining entity following Antpool’s decision. “We will switch our entire pool to Bitcoin Unlimited,” Bloomberg quotes founder Wu Jihan. “We can’t

    Schism Inevitable? Biggest Mining Pool Switches to Bitcoin Unlimited

    | 2017/03/13 4:30 am
  • As Bitcoin holds firm following the SEC rejection of the Winklevoss ETF, reactions inside and outside the community range from the sublime to the ridiculous. ETF Rejection: No Price Panic As the decision was announced late Friday, Bitcoin’s price tumbled over $100, but as of Saturday has steadied at around $1,180 USD. The apparent resilience to setbacks underlines a new trend for the cryptocurrency, shaking off volatility from regulatory and legislative decisions which in previous

    Winkle-loss: Top 5 Reactions to Bitcoin’s Historic ETF Rejection

    | 2017/03/11 10:00 am
  • Bitcoin Unlimited is under suspicion this week following a sudden instant surge in the number of its nodes, leading commentators to question its authenticity. Charlie Lee: ‘It’s Obvious’ Commenting on statistics from Coin Dance republished on Twitter, Litecoin creator Charlie Lee stated that the 200 or so additional nodes, which appeared last week, did not point to genuine new users. “The vertical bar makes it obvious. 200 new real users don’t spin up nodes at the exact

    Bitcoin Unlimited’s 200 New Nodes’ Authenticity Falls Under Suspicion

    | 2017/02/17 7:00 am