Bitcoin: In the know – Bitcoints


Published on August 26th, 2015 | by bitcoin


Bitcoin: In the know

Bitcoin: In the knowThe price of BTC is threatening the $200 line, and many blame the recent division between Bitcoin Core and Bitcoin XT over the maximum block size.
This is how the Internet has survived and evolved over time, and there’s absolutely no need to panic–here we’ll clear up some misconceptions.
The Bitcoin Core and XT programs are currently compatible, operating on the same blockchain.
This will remain true unless and until a supermajority (75%) of Bitcoin nodes adopt the XT protocol, which you can watch in real time.
This had led to accusations of cronyism, and some of the more paranoid types even believe that Bitcoin XT is intended to allow blacklisting or a backdoor to your privacy.


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