BIT COIN: Hard Fork possibility.

in #bitcoin7 years ago

Over the past few days there have been much debate about a possible hard fork of the Bitcoin protocol. As you can see from a few charts, blockchain network is overloaded with transactions very often. This happens mainly because the maximum amount of data per block the network can process is limited to 1MB. The only way to improve its effectiveness is to remove this limit.

Roughly speaking, after almost a year of block size scaling debates, a group of miners, including Bitmain presented their own solution of the scaling problem. This solution implies to the reconstructing the whole system protocol and therefore wasn't received well by the community, which offers a soft fork. If the consensus not to be achieved, Bitcoin protocol will be divided by two concurrent networks Bitcoin Unlimited (BTU) and Bitcoin Core (BTC).

I can state that it is unlikely that the hard fork goes ahead considering a lot of issues discovered in the Bitcoin Unlimited nodes, but our top priority is and will be to assure everyone's funds are safe.

The only cryptocurrency that s likely to get the most of support currently is Bitcoin Core, which is represented by the BTC sign.
If you still worry about the circumstances of the hard fork, we recommend you to exchange Bitcoins to any fiat currency !Screenshot (105).png

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