Wednesday , 22 November 2017

Tag Archives: Bitcoin Unlimited

Gigablock Testnet Initiative under way

Bitcoin Unlimited, nChain, and the University of British Columbia (UBC) have teamed up to bootstrap the Gigablock Testnet Initiative. According to a Bitcoin Forum post, the team has 4 main objectives with this project. They want to “setup and maintain a testnet network capable of supporting blocks up to 1 GB in size and sustained Visa-level transaction throughput (3,000 TPS).” …

Далі  »

Bitcoin Unlimited suffers nodes crash

The number of functioning Bitcoin Unlimited (BU) nodes has plummeted again within a short period beginning April 22.Almost 600 Bitcoin Unlimited (BU) nodes came down crashing yesterday, falling from around 720 to 180. They have now slightly recovered to 458, with mining nodes apparently unaffected as BU’s hashrate share continues to be at around 41%. Andrew Clifford, President of the …

Далі  »

Bitcoin Unlimited miners may be preparing a 51% attack on Bitcoin

Personal finance resource PFhub has suggested  is planning a 51 percent attack, which could see Bitcoin lose half its value. In an article published on Wednesday, the website stated that “speculation” BU is “planning something big” such as a 51 % attack is “maybe becoming a reality.” It continues, warning: “Investors should pay close attention to this because it might …

Далі  »

Bitfury mines a block signalling user-activated SegWit

On March 24, Bitcoin and blockchain infrastructure provider Bitfury mined a block containing a UASF Segwit tag, showing support for the BIP 148 proposal. Block 458793 and a couple of other blocks recorded by the blockchain included the UASF mandatory deployment of the Segwit tag. As the debate surrounding bitcoin’s block size continues, many are moving in various directions supporting …

Далі  »

Code bug sends Bitcoin Unlimited nodes offline

Bitcoin Unlimited nodes went down yesterday as a vulnerability was exploited. They now appear to have recovered, but the speed with which nodes fell is unprecedented. The bug opened a vulnerability through which a certain kind of message sent to nodes could cause them to be taken offline. Nodes are responsible for validating the transactions on a blockchain, maintaining a …

Далі  »

Antpool now supports Bitcoin Unlimited

It appears that the structure underlying the fastest growing digital currency, Bitcoin, has reached a crossroads with support increasing for Bitcoin Unlimited (BU). Blockchain, the distributed ledger which verifies bitcoin transactions, is experiencing a backlog of transactions waiting to be verified. In February, it was reported that around 900,000 Bitcoins, amounting to around a billion dollars at the time, were …

Далі  »

The Bitcoin.com Mining Pool is now open to everyone

Bitcoin.com announced that their new mining pool is coming out of private beta and is available to the public from today. The Bitcoin.com Mining Pool is giving miners a unique opportunity to join a growing pool that has one of the most profitable incentive systems for miners around. The Bitcoin.com pool mined its first block, block 430757, on Wednesday September …

Далі  »

The founder of Bitmain criticizes Core and Segwit

The founder of the bitcoin mining company Bitmain, Jihan Wu criticized Bitcoin Core for their leadership and its solutions including Segregated Witness (Segwit). Over the past few months, the bitcoin community has split into two support groups: Bitcoin Core or Segwit against Bitcoin Unlimited. Supporters of Bitcoin Core including Blockchain, the world’s largest bitcoin wallet platform, Coinbase, BTCC and other …

Далі  »

Bitcoin Unlimited surpasses 30% of the network’s share

Bitcoin Unlimited blocks mined have reached a new high, passing SegWit and indicating that a hard fork may be just around the corner. Of the last 144 blocks over the last 24 hours, blocks mined by the Bitcoin Unlimited client have reached more than 30%, the highest any alternative client has ever achieved. This is the second time Unlimited has …

Далі  »

Chandler Guo launches a new Bitcoin Unlimited pool

Mining pools such as Viabtc, BTCtop, GBminers, and more have been expressly pushing the BU protocol forward. As BU support has been gaining momentum, on February 6 the Chinese miner, Chandler Guo, surprisingly announced that his new Xpool would support the BU client. Guo has further revealed a plan to raise 12 million ETC in an ICO to increase the …

Далі  »