Auto Added by WPeMatico

BIP-110 Backers Plot Minority Chain’s PoW Reset to ‘Fire’ Bitcoin Miners

BIP-110 proponents are debating whether to change the proof-of-work algorithm on their stalled minority chain after it managed to mine only two blocks before Bitcoin’s enormous difficulty effectively brought activity…

Continue ReadingBIP-110 Backers Plot Minority Chain’s PoW Reset to ‘Fire’ Bitcoin Miners

BIP-110 Supporters Prepare PoW Switch If Miners Refuse Soft Fork Plan

Bitcoin developer Chris Guida has dusted off code that could swap the mining algorithm on a breakaway BIP-110 chain if supporters fail to overcome miners’ resistance. With the activation height…

Continue ReadingBIP-110 Supporters Prepare PoW Switch If Miners Refuse Soft Fork Plan