Intense days for Bitcoin. Will be a Hard Fork

in #bitcoin7 years ago (edited)

Al all of you know at the 31 of July is going to be a possible Hard Fork for the most important Cryptocurrency, Bitcoin. All the mining pools, will lock operations and Bitcoins, for 3 days. To protect themselves of possible changes on the Coin, or maybe a new.


There is a Battel between to mayor players Adam Back, the chief of Blocksream, supporting the main developers of the software that defines Bitcoin and Juhan Wu, the boss of Bitmain, this company makes almost all of the Application-specific integrated circuit (ASIC) miners. With the powerful S9.

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One side, Blockstream, wants to make Bitcoin faster in the processing transactions and giving more power to the user. Bitmain is very happy the way the things are right now. Nakamoto, wherever he is, limited the block to one megabyte, so the mining environment can only process seven transactions per second, as a comparison the a credit card company, as MasterCard can handle thousands of transactions at that time. So the user have to give more dollars to the miners in order to speed their transactions.

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So for me this is like a civil war between the mines, represented by Mr Juhan Wu (Bitmain) and the users represented by Adam Back (Blocksream). Ho will win? Wi will find out in a couple of days