Development and block size bitcoin

Physical bitcoin image via CryptoCoinsNews.com

Cornell Study Recommends 4MB Blocksize for Bitcoin

A new study by the Initiative for CryptoCurrencies and Contracts (IC3) at the Jacobs Technion-Cornell Institute authored by Christian Decker, Ittay Eyal, Andrew Miller and Emin Gün Sirer, among others, found that bitcoin’s blocksize could currently scale up to 4MB without affecting decentralization.

In related bitcoin news, MIT’s Digital Currency Initiative received $900k in funding to help support bitcoin development. According to DCI director Brian Forde, the Bitcoin Developer Fund will provide Core Developers like Gavin Andresen an academic platform to work on resolving the block-size debate and other similar technical challenges.

Development of the bitcoin protocol which includes the blockchain which are the gears that power the currency, are increasingly important as new studies such as a recent PWC report say that the blockchain is a “once in a generation” opportunity for financial services. Bitcoin has the ability to crush banking fees in emerging economies for example, says Breitbart.com.

Tweet

Terimakasih anda telah membaca artikel tentang Development and block size bitcoin. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://forextradereducation.blogspot.com/2017/07/development-and-block-size-bitcoin.html. Terimakasih atas perhatiannya.