The latest version 0.8 release of bitcoind, by far the most popular implementation of Bitcoin used by miners, switched the database that it used to store blocks and transactions from BerkeleyDB to the more efficient LevelDB as part of an effort to reduce blockchain synchronization time.The newly-created Bitcoin Cash will operate as an independent digital currency, along with Ripple, Litecoin,.By then, the two chains were growing roughly in lockstep, and at about 03:30 the tipping point came. The 0.7 chain quickly caught up to being only 10 blocks behind, then 8 blocks, and at 06:19 both chains converged to the same length at block 225454, leading to nearly all remaining miners abandoning the other.The developers quickly settled on 0.7, and the community set to work on the next task: notifying major miners and mining pool operators of what they need to do.Op Ed: A Cryptographic Design Perspective of Blockchains: From Bitcoin to Ouroboros.
The News UNIT: BITCOIN FORK creates the BITCOSPHERE in theAfter all, it appears to be the opening salvo in the Bitcoin civil war.
Litecoin News: 3 Reasons to Steer Clear of theIt would be the 7th largest coin market, around the halfway point between Litecoin and Dash.Amidst this crypto bloodbath, I have seen some strong sided opinions regarding Segwit2x, UASF, Bitcoin ABC, BIP141 and many others.
Litecoin China Roundtable and UASF – shaolinfry – Medium
Hours Away From Bitcoin Fork, Price Above $2,900 asPublic media attention on Bitcoin is very much positive, and rather than attacking Bitcoin as they would have in 2011 many journalists actually praised the Bitcoin development team on their rapid response.
Hard Fork Gives Rise To Bitcoin Cash | Bitcoins & AltcoinsSome digital currency prices fell today after the Bitcoin fork. Litecoin Prices Follow Bitcoin Lower.
Litecoin Will Not Hard Fork to Fend. gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin. why they are not going to fork Litecoin.Although there is technically a standard on the Bitcoin wiki pages, it has at times been poorly updates, and the reality is that the bitcoind implementation is the standard, and nearly all miners on the Bitcoin network are using some version of it.Litecoin and bitcoin are two very similar cryptocurrencies. Litecoin has grown from a small bitcoin fork project into a giant of the digital economy.History. Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee.
In fact, most of the major cryptocurrencies on earth are also losing steam.Perhaps Bitexit will not prove to be as damaging as Brexit, after all.The split lasted for 24 blocks or 6 hours, finally resolving itself when one version of the chain conclusively pulled ahead of the other at block 225454, leaving the other chain largely abandoned, with only a small number of miners that are incapable of recognizing what has now become the main chain still mining it, while the bulk of the network quickly returned to normal.
Bitcoin Post Fork – Now That The Dust Has SettledPersonally, I will remain neutral and hold on to an equal amount of Bitcoin and Bitcoin Cash to see how this all pans out.
How to Hedge SegWit – The Bitcoin Fork | Crypto RecapThe biggest stories in bitcoin delivered weekly to your inbox.Introducing new features into the Bitcoin protocol requires causing a fork in Bitcoin.
Bitcoin Fork Explained | FXEmpire.com
In the case of bitcoind 0.8, LevelDB has no such restrictions, so it could accept such blocks just fine.
Bitcoin, Bitcoin Cash Fork and The Future of Bitcoin
The bitcoin blockchain, the decentralized ledger that records all bitcoin transactions, has slowed down in the last year under the weight.In a way, this was the best possible time for such a thing to happen.The pros are the media coverage, which is making Bitcoin more mainstream.Furthermore, the study found that almost six million people were actively using cryptocurrencies (mostly Bitcoin), which was three times the previous estimates.
Bitcoin Forks: Ulterior Motives? – Hacker NoonThe scheduled execution of the bitcoin hard fork proposal Bitcoin Cash which is set to begin on August 1, 12:20 UTC,.
Analysis: Bitcoin Turns Volatile on Fork Day as AltcoinFortunately, most Bitcoin developers do not support this viewpoint, although many have come out in favor of keeping a healthy level of prudence.Over 70% of new blocks right now are being found on pools, and not on individual solo miners.Litecoin used to pride themselves on the fact that they had a faster processing speed than Bitcoin.
Fresh Cryptocurrency Analytics from FXOpen - BitcoinYesterday, the Bitcoin network experienced one of the most serious hiccups that we have seen in the past four years.
However, a strong argument can be made that such fears are very unlikely to materialize.Bitcoin has not been able to evolve the consensus that was needed to implement the technology called SegWit2x,.This incident will go down in history as one of the closest moments that we have come to the underlying Bitcoin protocol actually failing.It turned out that a blockchain reorganization, an event that happens when a client discovers a new blockchain longer (and therefore more likely to be valid) than the one it was working with before, and switches to it, was indeed what happened, and over the next few minutes everyone realized what was going on: a blockchain fork.Over the next few hours, nearly every major Bitcoin developer and mining pool operator joined the bitcoin-dev IRC channel.Lee said he prefers SegWit as a soft fork, both for Bitcoin and Litecoin. for Litecoin, Bitcoin and cryptocurrency.