Former developer of Bitcoin Core, and current employee of R3CEV, Mike Hearn reminded the community he’s still alive having claimed that main problems that the cryptocurrency faces are in fact caused by Blockstream, and its co-founder Gregory Maxwell personally.
Gavin Andresen, Bitcoin Core developer, announced he dismissed his BIP 101 proposal. The proposal was the basis for Bitcoin XT protocol. BIP 101 was developed in summer 2015 by Andresen and recently departed Mike Hearn. Their solution, however, was widely criticized due to its aggressive block size increase to 8 MB as of 2016 with […]
China-based F2Pool, the world’s second largest miner in terms of capacity, confirmed it rejected the original idea of supporting Bitcoin Classic as a possible solution for block size scaling, and stuck with Bitcoin Core. The same decision was made by another Chinese miner HaoBTC. Its spokespersons state Chinese miners mostly side with Bitcoin Core. The […]
Surprisingly for many bitcoin community members, Jonathan Toomim’s Bitcoin Classic proposal has garnered support from as much as 72% of the network’s mining capacity. With the consensus threshold set at 75%, the proposal is very likely to become active in no time.
Former Bitcoin Core developer and one of bitcoin’s earliest adopters Mike Hearn stated he abandoned digital currency ecosystem as it suffers from a massive crisis.