Bitcoin averts split as miners back new software upgrade (BIP 91)
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NEW YORK - Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin's miners have signaled their support for the so-called Bitcoin Improvement Proposal 91, avoiding a split of bitcoin into two blockchains. Fears about the bitcoin split dampened demand for bitcoin in recent weeks. The software upgrade attempts to address the bitcoin network's limitations in processing millions of daily transactions. Before BIP 91's endorsement, some bitcoin investors feared it could split into two independent currencies because core developers of the network and the miners each wanted different ways to increase bitcoin's scale. The upgrade to bitcoin's network will not occur until autumn, said Viglione, because several things need to happen before the new software is activated.
There have been BIPS, Bitcoin Improvement Proposals, to lower the probability of a selfish mining attack such as randomly assigning miners to various branches when a fork occurs – or alternatively providing a threshold limit to which a mining pool can reach. This is the same as Governments trying to halt natural monopolies to allow competition. The pool server SHOULD NOT terminate miner connection if this rare mismatch case occurs. Notification "mining.set_version_mask" Server notifies the miner about a new mask valid for the connection. This message can be sent at any time after the successful setup of the version rolling extension by the "mining.configure" message. Bip Bitcoin Lightning Network. While bitcoin is the most well-known and valuable cryptocurrency, its blockchain faces a number of challenges.In an effort to ensure bitcoin's continued dominance This page describes a BIP (Bitcoin Improvement Proposal). Please see BIP 2 for more information about BIPs and creating them. Please do not just create a wiki page. People wishing to submit BIPs, first should propose their idea or document to the [email protected] mailing list. After discussion, please open a PR. After copy-editing and acceptance, it will be published here.
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