Bcoin Releases Extension Blocks Code For Bitcoin Scaling

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28 Feb 2017.

The first major blockchain innovation was bitcoin, a digital currency experiment.

The fifth major innovation on the horizon is called blockchain scaling.

and more people catch on to this new mode of collaboration, it will extend into.

the Ethereum blockchain platform release, and invented the hexayurt.

Set apart from other existing forms of digital currency, Bitcoin is based on a decentralized protocol.

The block chain grows steadily as new blocks extend it, referencing their.

But can Bitcoin scale to process much more significant volumes?.

A bug in the code caused two versions of the protocol to behave differently (one.

Bitcoin Scaling Explained: Big Blocks vs. SegWit6 Dec 2013.

Understanding the details of the Bitcoin protocol opens up otherwise.

Using serial numbers to make coins uniquely identifiable.

But at any given time, miners only work to extend whichever fork is longest in their copy of the block chain.

harder as transactions scale up – the blocks themselves get larger,

15 Feb 2017.

Transactions of currency are gathered in blocks, that are added to a public data structure called blockchain. The consensus algorithm of Bitcoin.