Currently, there is growing support to split Bitcoin into two different currencies via a hard fork: Bitcoin Unlimited (BU) and Bitcoin Core. BU would...
For over a year, attackers have had the ability to crash Bitcoin Unlimited and Bitcoin Classic nodes. Yesterday, someone actually did it. According to...
The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001” (BUIP001) — is to hand control of Bitcoin’s block size limit to users and miners. Or perhaps, more accurately, to make this control more explicit and easier to handle. Instead, Bitcoin Unlimited relies on a philosophy often referred to as “Emergent Consensus.”
The central idea behind Bitcoin Unlimited — specified in “Bitcoin Unlimited Improvement Proposal 001” (BUIP001) — is to hand control of Bitcoin’s block size limit to users and miners. Or perhaps, more accurately, to make this control more explicit and easier to handle. However, this control does come at the expense of Bitcoin’s strong and automated consensus mechanism. With BUIP001, there is a number of scenarios in which different users end up on different chains — either temporarily or permanently.
BUIP001 — drafted by Bitcoin Unlimited lead developer Andrew Stone — disposes of the one-megabyte block size limit protocol rule entirely, and replaces it with three configurable options. Two of these are configurable by all node operators, which include regular users as well as miners. And a third option is only for miners.
Bitcoin’s mining difficulty increased by 16.6 percent over the weekend, signaling that the network’s overall hash rate has also increased by a similar amount...
A few weeks ago, the relatively new India-based bitcoin mining pool GBMiners decided to switch their software from Bitcoin Core to Bitcoin Unlimited. Bitcoin...
Roughly two weeks ago, ViaBTC, a relatively new bitcoin mining pool that launched earlier this summer, garnered some attention on social media due to...
Referred to as the Satoshi client, Bitcoin QT, Bitcoin Core , or simply Bitcoin’s reference client, the original Bitcoin implementation as introduced by Satoshi...
