Bitcoin faces a major decision, and moves forward – Bitcoints

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Published on August 18th, 2015 | by bitcoin

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Bitcoin faces a major decision, and moves forward

As with everything related to Bitcoin, the move is part software, part ideology, part political wrangling, and part finance.
Bitcoin backers maintain that the crypto-currency is the way of the future, providing a borderless, free, or nearly fee-free value exchange system.
Silicon Valley venture capitalists like Marc Andreessen have poured money into Bitcoin currency and companies such as Coinbase that build on top of it.
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The basis of Bitcoin is conducting irreversible transactions, which are made permanent by having them essentially etched cryptographically into a block, the fundamental unit of Bitcoin.
Bitcoin XT is a different open-source code base from Bitcoin Core.

Source: Www.fastcompany.com

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