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.
Canada’s energy sector is facing a challenging economic environment. As in past commodity price cycles, innovation holds the promise of renewal.Sharply lower energy commodity...
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.
The worldwide blockchain technology market is forecast to reach $7.74 billion by 2024, with the financial services sector accounting for the majority of the...
The seminal Bitcoin sidechains white paper “Enabling Blockchain Innovations with Pegged Sidechains,” released in 2014 by a team that went on to form Blockstream,...
The research arm of the Reserve Bank of India (RBI), India’s central bank, has completed an end-to-end blockchain technology test involving regulators, banks, financial...
The World Economic Forum (WEF) Annual Meeting begins this week in Davos, Switzerland, featuring globally recognized blockchain authority Don Tapscott as a key participant....
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