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RE: Bitcoin needs to change transactions...

in #bitcoin7 years ago

The problem with Bitcoin is that there are 2 different solutions for increasing the transaction capacity.

Bitcoin unlimited, supported by Bitmain, a company that produces ASIC and also has one of the biggest pools (Antpool), want to double the block sizes. To do this Bitcoin will be splited in two different coins. With Bitcoin unlimited, miners can choose changing the block size at any moment, splitting Bitcoin again. Furthermore, a high amount of bitcoin unlimited nodes had crashed many times.

SegWit, supported by majority of bitcoin companies, allow the blocks to hold more transaction in the same size. It also make much easier the creation of paralel blockchains, reducing the number of transactions in the main one. SegWit will break by chance a mining protocol called ASICBoost in his covered mode, that allow Bitmain miners to mine consuming 20% less power. Bitmain said this protocol has never been used, but in covered mode it will be undetectable. SegWit don´t block ASICBoost in uncovered mode., with the same energy saving.

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yup, i am up to date on this 2 teams trying to fix the issue but with the ongoing problems it seams to be having they need to fix the problem now not when BTC is no the top crypto. I do think BTU is not the way to go i hope in the coming weeks with LTC using SegWit that it will soon be used with BTC

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