• BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations. BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two. What’s

    The Biggest Mining Pool is Now Signaling to Keep Bitcoin Whole

    | 2017/07/17 11:00 am
  • 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
  • Following the AsicBoost controversy, Bitmain has now responded to the accusations of having purposefully programmed a backdoor into the firmware of multiple Antminer models.  Bitmain Can Remotely Turn Off Its Miners In what is being called “Antbleed,” this backdoor could shut down 70% of the global Bitcoin network, which could put the world’s first decentralized cryptocurrency at great risk. “Bitmain has put themselves in a position where they can kill the majority of Bitcoin hashing power instantly,”

    Bug or Feature? Bitmain’s ‘Misunderstanding’ Response Receives Backlash

    | 2017/04/28 1:00 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
  • ViaBTC’s latest blog post sheds some light on why the mining pool is opposing the Bitcoin scaling proposal, SegWit. ViaBTC, Bitcoin Core and SegWit ViaBTC just published a blog post in which they explain the reason behind their opposition to SegWit, citing the concerns regarding the complexity of the soft fork, the irreversible damage it may and the introduction of second-tier networks like Lightning Network. The mining pool also mentions Bitcoin Core’s impact on Bitcoin

    ViaBTC Explains Why They Don’t Support SegWit

    | 2017/04/19 12:00 pm
  • These companies are in favor of SegWit via a User Activated Sof Fork (UASF). No company has opposed it so far. Who Supports UASF Lately, there has been a lot of talk regarding the possible activation of a User Activated Soft Fork (UASF) in order to implement the SegWit proposal without the need to reach miner consensus. An early look at the companies that have so far taken a stand in regards to the UASF

    Bitcoin Companies Supporting SegWit UASF: 12, Opposed: 0

    | 2017/04/11 3:00 pm
  • 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
  • The Bitcoin community is not enjoying their weekend, thus far, as the Bitcoin price continues to fall as the week comes to a close. Bitcoin value approaches $900 USD as a major player speaks on the forking turmoil. Bitcoin Price Falls on Fork Fears According to CoinMarketCap, Bitcoin price has fallen almost $350 over the last ten days, after reaching a low on Saturday of $904. This volatility follows a February showing nothing but gains,

    Bitcoin Price Hits 60-Day Low as Hard Fork Fears Loom

    | 2017/03/25 11:00 am
  • Running a Bitcoin full node isn’t just for mining pools and companies. Today, we’re going to outline 6 reasons why the average user should also consider running their own Bitcoin full node. To Node or Not to Node? With current events pointing towards a possible change in the Bitcoin consensus rules, it is important to remind users that, now more than ever, there are multiple advantages to running a Bitcoin full node. It is advisable that users

    6 Reasons to Run a Bitcoin Full Node

    | 2017/03/18 8:00 am
  • The percentage of blocks that are signaling support for Bitcoin Unlimited has surpassed Segregated Witness, making it the most popular scaling solution at the moment.  Scaling Bitcoin Scaling is the most important and pressing issue in Bitcoin at the moment. The current block size capacity allows for three to seven transactions per second to be made in the network. With many blocks getting close to being full, the Bitcoin network will soon be unable to

    Bitcoin Unlimited Support Overtakes SegWit For the First Time

    | 2017/02/05 11:30 am
  • SegWit is all but doomed and Bitcoin Core has no roadmap for scaling beyond the slight bump it allows, Chinese mining investor Jiang Zhuo’er has claimed. Also read: Force of Will Goes Digital With Tradeable Blockchain Game Assets Influential Figure Opposes SegWit Plan Jiang is an influential blogger and identity in the Chinese Bitcoin community, having invested hundreds of millions of RMB in local mining operations. His opinions carry a lot of weight in a region of

    SegWit Won’t Happen, Says Influential Chinese Bitcoin Investor

    | 2016/11/23 11:34 pm
  • Bitcoin.org, a self-reported objective information site in the Bitcoin space, has warned that the Bitcoin Core wallet — the official wallet of Bitcoin — is ripe for an attack. Also Read: Node Counter On Blockstream, Bitcoin Core and Censorship “Bitcoin.org has reason to suspect that the binaries for the upcoming Bitcoin Core release [version 0.13.0] will likely be targeted by state sponsored attackers,” the website says in a post that does not elaborate which state may be

    Core Developer: Chinese Attack on Bitcoin Core Doubtful

    | 2016/08/19 5:00 am
  • Gavin Andresen has been a part of the Bitcoin community since the very beginning. As one of the earliest contributors Satoshi’s original code, Andresen was entrusted with the Bitcoin protocol before Bitcoin’s creator disappeared. Now, following the Craig Wright controversy, Andresen will have to fight to get his commit access back after having it stripped by fellow Core developers. Also Read: Craig Wright Posesses Technical Knowledge To Dupe Gavin Andresen’s Commit Access Revoked Due to

    Andresen’s Commit Access Hangs in Balance Following Wright Exit

    | 2016/05/07 5:00 am
  • In a surprising development on Wednesday, Bitcoin developer Peter Todd released information around MIT’s ChainAnchor project. ChainAnchor supposedly involves enticing miners with additional compensation to ensure that only transactions from a list of identified and registered users are included in blocks. The news comes at a time of accelerating initiatives to adopt facets of Bitcoin’s Blockchain technology into traditional banking and trading of other digital assets or securities. Also Read: FBI Used Invalid Warrant To Infect Tor

    Peter Todd Exposes MIT ChainAnchor Project That Enables Tracking Bitcoin User’s Identity

    | 2016/04/22 2:00 am
  • Bitcoin Core has announced the release of a new update, Bitcoin Core 0.12.1. Focusing on scalability, this follows the “Capacity Increases Roadmap” they detailed December 23rd of last year, with Aprils focus to “deploy segregated witness (including Blocksize increase)” according to the table taken from the Bitcoin Core website below.  The release comes during a contentious time for Bitcoin as there are multiple side of an ongoing debate to increase the block size from 1

    Bitcoin Core 0.12.1 Released, Focus on Block Size Scalability

    | 2016/04/20 6:00 am
  • We’ve seen the Bitcoin scaling debate rise in fervor, come to a head, and die down without a substantial resolution. Many of its by-products are much maligned by the community, but despite the balkanization and unproductive argument that has become integral to bitcoin on social media, Bitcoin continues to be more or less an attractive option in the blockchain ecosystem. No amount of squabbling and negative press coverage will change that for the core user

    C-Bit Altcoin Highlights Everything Wrong With the Bitcoin Community

    | 2016/04/02 6:00 am
  • C-bit is an “exact clone” of Bitcoin Core .12 with one small modification aimed at ending the block size debate. This Core clone has a 2MB block size built into the source code. Developers say that this native 2MB block size “negates the need for a Bitcoin Core Hard Fork.” Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible

    C-bit: Bitcoin Core .12 ‘Clone’ Aims to End Block Size Debate

    | 2016/03/17 1:00 pm
  • Editor’s Note: This article has been modified to correct a misquote. This article originally quoted Brian Armstrong as saying that the Core team was a “Systematic” threat to Bitcoin, when he actually said Core was a “Systemic” threat. Coinbase CEO and co-founder Brian Armstrong recently published a Medium blog post titled, “What Happened At The Satoshi Roundtable.” In this post, Armstrong calls for an immediate block size increase to 2 MB, the creation of a new Bitcoin

    Coinbase CEO: Core Team is a “Systemic Threat”

    | 2016/03/04 6:03 pm
  • 03 March 2016 – Dashjr, Bitcoin Core Developer, has made a novel proposal to solve the risk associated with the upcoming Bitcoin halving in July on development mailing lists. Instead of implementing a scaling solution, he suggests making adjustments to the code that governs difficulty of mining blocks. Bitcoin development has slowed significantly amidst controversy generated in the community over exactly how Bitcoin should scale, and the hard fork Dashjr proposes acts as a contingency

    Core Dev Dashjr Anticipates Mass Miner Exodus

    | 2016/03/03 12:39 pm
  • February 20, 2016 – Coinbase CEO Brian Armstrong reacts, along with various bitcoin developers, as well as the Co-Founder of Blockstream to the 18-hour long “Consensus Roundtable” that disbanded today in Hong Kong. The roundtable members represented a majority of bitcoin mining hashpower, with members representing the bitcoin development and exchange community noticeably under-represented. The response from these communities has been overwhelmingly negative to the resolutions outlined in the closed-door meeting. Also Read: IBM Positions

    Core Devs and Classic Adopters Alike Disagree With Roundtable Resolutions

    | 2016/02/20 11:17 pm
  • We’ve had a few days to see effects of Bitcoin Classic’s late beta release, and they’re surprisingly powerful. In the past week, Coinbase has adopted Classic, and Bitcoin Classic nodes on the network have jumped from around a hundred to 755 active nodes (as of the time of writing) — nearly 13% of the network, and that number is still climbing. This growth brings the total number of nodes supporting a 2MB block size to a

    Classic Fork Release Launches Consensus Hysteria

    | 2016/02/12 8:00 am
  • February 11, 2016 – Jeff Garzik, Bitcoin and former RHEL developer, has launched an enterprise blockchain technology startup, Bloq inc. The Company Operates in a similar way to Red Hat, except they develop blockchain tools and offer support for those technologies instead of Linux. This announcement comes at a critical point in the block size debate, suggesting the core developer expects non-bitcoin blockchain tech to be on the upswing in spite of the fallout from

    Bitcoin Developer Jeff Garzik Launches Enterprise Blockchain Support Startup

    | 2016/02/11 6:16 am
  • January 30, 2016 – Gavin Andresen, former head Bitcoin Core maintainer, posted a short treatise on the issue of consensus infighting among the Bitcoin implementations on the Svbtle writing network. The squabbling between the different dev teams has caused a deal of speculation and nervousness about the future of Bitcoin, but Andresen sees the issue a bit differently. Also Read: Bitcoin Network Reaches 1 EH/s For First Time Andresen: The Worst Case Isn’t That Bad

    Bitcoin In-Fighting Doesn’t Matter: Gavin Andresen Weighs in

    | 2016/01/30 4:24 am