Friday, November 2, 2018

How will BTC.com and AntPool’s actions impact SegWit transactions?

Colleagues, a titanic battle of cryptocurrency miners is forcing the issue a crucial Blockchain hardfork vs. softfork. In the hardfork camp, Bitmain affiliates BTC.com and AntPool. Meanwhile, the Bitcoin Core camp is defending a softfork. Caught in the middle is SegWit (“Segregated Witnesses”). Apparently, BTC.com and AntPool are refusing to confirm SegWit block transactions. Bitmain favors increasing the limit of block size. A brief history lesson in Blockchain programming shows that hardforks – if not fully supported by the crypto ecosystem – can lead to divisions of the broader crypto community. Such is the case of the 2017 hardfork, which led to the split of Bitcoin into Bitcoin and Bitcoin Cash. This issue is playing out in real-time and the Cryptocurrency Academy will provide an update once details are confirmed. Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/) 

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