ViaBTC Sparks Bitcoin Scaling Debate te Reddit AMA

The head of a bitcoin mining pool that has emerged spil a strong advocate for a thicker block size argued ter a Reddit Q&,A today that many te China’s mining community support such a stir.

ViaBTC founder Haipo Yang took questions during an Ask Mij Anything (AMA) session on the r/btc subreddit, commenting on the block size debate.

The event spotted strong advocacy for Bitcoin Unlimited, a bitcoin software implementation that has bot proposed spil an alternative to Bitcoin Core, the primary user client for the bitcoin network. ViaBTC wasgoed launched te June of this year (and quickly emerged spil controversial).

The AMA session came amid the ongoing rollout of Segregated Witness, a switch to bitcoin’s code aimed at enhancing the amount of transactions the network can treat without adjusting the block size. Yet the upgrade has proven to be a controversial one among some bitcoin users, who have argued that an increase ter the block size – or a variable size with Unlimited – is the better treatment.

Yang claimed ter the session that, spil it stands, China’s mining community wants a fatter block size, but isn’t unified te its support for Unlimited specifically.

“Most pools te China have lost their trust ter Core and shifted their attention to Unlimited. I know a duo of pools said ter private that they won’t support [Segregated Witness] and will support Unlimited instead. The reason that they toevluchthaven’t shifted to BU is that they are waiting for a better chance and also a possible compromise from Core.”

Elsewhere, Yang framed the current debate spil “a battle about Bitcoin’s future path”, invoking bitcoin’s pseudonymous creator, Satoshi Nakamoto and arguing that Unlimited’s treatment is more ter line with the initial vision of the digital currency.

While the thread largely drew volgers, critics emerged.

One notable inclusion wasgoed Blockstream CEO Adam Back, who wrote that Unlimited “is non-functional” and “little tested”, among other critiques.

“I’ve already clearly stated my view: the protocol is more significant than the code,” Yang wrote ter response. “Wij’ve bot running Bitcoin Unlimited for more than a month with no problems.”

The shove for thicker blocks within China’s mining community wasgoed also on display during a latest event hosted by bitcoin mining rock-hard Bitmain. This development has largely continued despite the protests of Bitcoin Core and its volgers, who maintain alternatives would be dangerous if more widely used.

The leader te blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a rigorous set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.

Related movie: Hashrate AMD y NVIDIA – Cuanto Gano Minando Dual Ethereum + Decred? Que sunburn rentable es minar?


Leave a Reply

Your email address will not be published. Required fields are marked *