Posts Tagged Block


1 block only allow about 2000 transactions. Does it mean every 10 minutes, bitcoin can allow 2000 transactions?

Hi I very new to bitcoin and don't understand this. Isn't this 2000 too small as I thought there will be more than 10,000 transactions going around every 10 minutes. Especially when there is a ICO going on Bitcoin News Feeds Today

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Roger Ver caught red handed bribing miners to block SegWit and run non-Core software to attack the Bitcoin Network (reddit.com)

I don’t want to link to the site of course, but it turns out that through Ver’s private company he has been (more or less secretly) bribing miners with an extra 10% of Bitcoin mined. He is getting the money from VC funded bankers using it to attack Bitcoin directly with BU. This guy needs […]

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Bitcoin’s New Block Size Proposal ‘SegWit’ Could Help CryptoCurrency “Go Dark” – CryptoCoinsNews

Bitcoin's New Block Size Proposal 'SegWit' Could Help CryptoCurrency "Go Dark"CryptoCoinsNewsSince SegWit is open source, other altcoins are already adopting the soft fork, such as Litecoin, which was long considered the “digital silver” to Bitcoin's “digital gold” in the nascent days of cryptocurrency technology. Litecoin since fallen out of … litecoin – Google News

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Greg Maxwell was wrong: Transaction fees *can* pay for proof-of-work security without a restrictive block size limit

submitted by Peter__R [link] [4 comments] Bitcoin News Feeds Today

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Swift Payments CEO Doesn’t See Block Chain Replacing Current ‘Efficient’ Banking Systems

While Swift CEO Gottfried Leibbrandt acknowledges that block chain technology is here to stay, he believes some of the current fintech being spoken about is “hype” and notes that blockchains in the private sphere are more substantial than it getting to replace existing commercial banking systems. Speaking to the Financial Times, international payments network Swift […]

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Nine Major Banks Partner on Block Chain Initiative

Nine of the largest investment banks have partnered with a block chain startup to integrate the block chain into financial services. Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS all formed a partnership with a block chain oriented firm to create industry standards for using block […]

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The Bitcoin Block Size Debate Has Been Going On Since 2013

As this debate on BitcoinTalk demonstrates, the current rhubarb regarding increasing the block size limit in Bitcoin has been ongoing since at least 2013 in a public manner… as well as a heated one. The discussion between the Bitcoin core developers goes on for 26 pages. The most recent post is April 2013. It starts with Peter […]

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Bitcoin Block Chain Forking

The BIP66 update was meant to align miners on stricter cryptographic signatures through a form of block chain Democracy. As part of the BIP rules, once 950 of the past 1,000 blocks upgraded to the newer version all miners would older version blocks. This morning the network met that goal and a small, non-upgraded miner […]

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Exascale Supercomputer Targets 36 MB Block Sizes; Will Give Away Cryptocoins To Drive Mining

Exascale Power Co., a Portland, Ore.-based company that plans to build a supercomputer in New Mexico, has released more details about its plan to boost the power of the block chain processing infrastructure. Highlights include: • The company plans to increase block sizes from 1MB to 36MB, providing processing in under 10 minutes. • Exascale […]

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