logo
logo

Bitcoin avoids split into two blockchains

avatar
Isiah Jone
Jul 21, 2017 21:58
img

Image Credit: Lightboxx / Shutterstock

(Reuters) — 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 (BIP) 91, avoiding a split of bitcoin into two blockchains.

The miners represent a network of computer operators who secure the blockchain or a public ledger of all bitcoin transactions

BIP 91 is the first step toward a larger effort to upgrade bitcoin through a software called SegWit2x.

On Friday, the support for BIP 91 reached nearly 100 percent, exceeding the required threshold of 80 percent, according to analysts and market participants.

collect
0
avatar
Isiah Jone
Jul 21, 2017 21:58
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.