TagUASF

Trezor Allows Bitcoin BIP148/User-Activated Soft Fork (#UASF) Wallets

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By allowing users to switch their primary Trezor node to a UASF/BIP148 node, some users perceive Trezor as being in support of BIP148. Yet, for its part, Trezor has made little in the way of public remarks regarding BIP148. Instead, they’ve acted a responsible hardware company, and simply done their best to be ready for any future changes. The company’s innovations include allowing SegWit on the...

Electrum Bitcoin Wallet Simulates Chain Split on Bitcoin Testnet

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Computer science in action, some might say. In the Bitcoin space, we hear a lot of talk about the “danger” of a chain split, and the unending mantra “more hashpower = more security.” Some analysts believe that a significant reduction in hashpower could be experienced by the Bitcoin blockchain, however, without the chain becoming significantly more insecure. We are currently simulating a hardfork...

Bitmain: “Bitcoin Network is at a High Risk of Being Split”

Throughout the bitcoin blocksize debate, both sides have been accused of digging their heels in, participating in paid shilling, censorship, telling only part of the story, and hyperbole. Now that large portions of the community have resolved to make serious progress by August, Bitmain, who’ve consistently come out against the UASF, Segregated Witness, and the like, have announced what they plan...

Litecoin Price Falls: Segwit Down, UASF on the Table

Litecoin fell by some 20% earlier today after segwit’s network share decreased to around 63% following rumors that Antpool was to bring in new hash-power to maintain segwit below its activation threshold of 75%. This follows a confusing series of events where Charlie Lee said BW was not going to signal for segwit, BW said they had not yet decided, Wang Chun, co-founder of F2Pool, said he was re...

Bitfury Mines a Block Signalling User-Activated SegWit Soft Fork

Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit. As the debate surrounding bitcoin’s block size continues, many are moving in various directions supporting the one they believe holds the answer to bitcoin’s future scaling. Recently, Bitcoin Unlimited (BU), had around 40 percent support despite reports...