Has Bitcoin’s Scaling Debate Finally reached Agreement?

The big elephant in the room has been the big scaling debate between developers and miners for the past two years.  This year saw a faceoff between Bitcoin Core / Segregated Witness and Bitcoin Unlimited which turned pretty nasty at times.  We now hear that there could be acceptance by all parties on implementing an agreed scaling solution… imminently!   Reported by CoinTelegraph:- “According to sources, a number of Bitcoin businesses owners, including Barry Silbert (Digital Currency Group), Roger Ver (Bitcoin.com) and major mining players Jihan Wu (Bitmain) and Valery…

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Activate SegWit now!

If you have been paying attention to the BIG Bitcoin scaling debate, it would be a good idea to hear the opinion of Andreas Antonopoulos, information security expert, tech-entrepreneur and author.  However, Antonopoulos says… “Make up your own mind” on the best route to follow, Bitcoin Core’s Segregated Witness or Bitcoin Unlimited, but in his opinion, Forking is Easy, Maintaining Bitcoin Unlimited is Hard! “In this talk, Andreas Antonopoulos speaks about the ongoing clash between hardware and software development (instead of “East vs. West”) within the emerging culture of trustware.” What…

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Bitcoin Pre-Fork Tip – Keep Control of Your Private Keys!

The Bitcoin community is in the middle of a big debate around the scaling of Bitcoin in an attempt to reduce transaction time and cost. Should this result in a Hard-Fork, make sure you are prepared and ensure you keep control of your Private Keys – Exchanges could stop any withdrawal or deposit of Bitcoin post a Hard-Fork.  They have control of your Private Keys and your Bitcoin! What are Public and Private Keys? Learn more about Segregated Witness and Bitcoin Unlimited below:- What is Segregated Witness aka SegWit? What…

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What is Segregated Witness aka SegWit?

As the value and the adoption of Bitcoin is increasing, the Bitcoin scaling debate is now in full force.  It is all about making sure there is minimal delay in Bitcoin transaction time on the Bitcoin network.  Currently there are two options being considered namely, Segregated Witness (SegWit) and Bitcoin Unlimited.  Watch this short explainer video to find out what Segregated Witness is. Should you wish to follow the story in more depth, here are a few articles to read. Bitcoin, to scale or not to scale The Big Bitcoin…

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Bitcoin, to Scale or Not to Scale

There is a debate raging within the Bitcoin community and it’s all about scaling Bitcoin. As Bitcoin grows in value and more adoption is taking place, it is important for the miners to have the capability to cope and perform under an increased transaction workload. If Bitcoin scales well and due to an increased performance level, the network of miners will confirm transactions quicker than the 7 transactions per second currently experienced. Currently, there are many unconfirmed transactions and this seems to be down to the size of the fee…

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