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Leaderless Bitcoin Struggles to Make Its Most Crucial Decision
Bitcoin’s most influential developer has proposed a controversial fix that would help it handle more transactions. In a test of Bitcoin’s ability to adapt to its own growing popularity, the Bitcoin community is facing a dilemma: how to change Bitcoin’s core software so that the growing volume of transactions doesn’t overwhelm the network. Some fear that the network, as it’s currently designed, could become overwhelmed as early as next year.
Bitcoin’s most influential developer has proposed a controversial fix that would help it handle more transactions. In a test of Bitcoin’s ability to adapt to its own growing popularity, the Bitcoin community is facing a dilemma: how to change Bitcoin’s core software so that the growing volume of transactions doesn’t overwhelm the network. Some fear that the network, as it’s currently designed, could become overwhelmed as early as next year.
Source: Technology Review
Posted on: Tuesday, May 19, 2015, 8:20am
Views: 1286
Posted on: Tuesday, May 19, 2015, 8:20am
Views: 1286
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