News
Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest cryptocurrency by market capitalization.
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Soft Fork News
A soft fork is some modification made in a cryptocurrency’s source code that doesn’t lead to the division of blockchain, as happens with a hard fork. After a soft fork, only the previous transactions and blocks become invalid. Nevertheless, if users don’t want they don’t need to upgrade all the system because old nodes will continue working. There are two kinds of soft forks, such as a miner-activated soft fork (MASF), which means that the new rules are accepted when the majority of miners’ upgrade, and a user-activated soft fork (UASF), when the appliance of new rules happens without the miners’ support. The recently-made protocol upgrade in Bitcoin is a great example of a soft fork. Also, one of the most popular examples is the Ethereum soft fork that was made to reset all transactions that had been made by a hacker in order to get the money back.
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Developers don't want to move too fast.
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The Taproot conversation is continuing with the Bitcoin community having to decide how to begin the months-long activation process.
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Steem has completed a soft fork which sanctions the account that went rogue and sent 23.6 million STEEM to Bittrex in protest of a recent hard fork.
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Steem has again taken aim at the blockchain's former validators, executing a soft fork to freeze 17.6 million tokens associated with its previous witnesses.
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The CEO of Reserve thinks central banks will tokenize their currency, but businesses will choose other stablecoin services for their privacy.
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Bitcoin developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork to address privacy issues.
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Charlie Lee, Litecoin’s creator, declared that “fungibility is the only property of sound money that is missing from Bitcoin & Litecoin.”
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One of the Blockstream co-founders suggests a new Bitcoin scaling concept that allegedly does not deploy a hard fork.
14584 Bitcoin price surges to new all time high just two days before the activation of Segregated Witness, markets appear highly optimistic
31587The controversial Bitcoin Cash, has rocketed to be the third-biggest cryptocurrency in terms of its market cap in less than 24 hours, overtaking Ripple.
28696Slush Pool along with other mining pools such as Bixin, will not support Bitcoin Cash and its August 1 hard fork execution.
12168Bitmain clarifies its position on Bitcoin Cash hard fork, noting that it merely supported Bitcoin Cash as a contingency plan for UASF.
24413Miners Beware - FairCoin Activates Cooperative Blockchain
24317Traders and investors are coming back to Bitcoin due to the lock-in of BIP 91 and the high probability of Segregated WItness being activated in the near future.
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