Published on September 25th, 2016 | by bitcoin0
Comeback sought by Controversial Alternative to Bitcoin
A controversial bitcoin alternative may be making a comeback.
The latest news is that Bitcoin investor Roger Ver’s mining pool mined its first Bitcoin Unlimited block on Wednesday.
Bitcoin Unlimited, launched in January, is another block size-boosting bitcoin version (although it’s been an idea for longer than that), following the likes of Bitcoin XT and Bitcoin Classic, which released code to increase the block size from 1 megabyte to 20 megabytes and 2 megabytes, respectively.
According to the Bitcoin Unlimited’s Articles of Confederation, any user can submit a request to change the software, called a Bitcoin Unlimited Improvement Proposal.
While Bitcoin Unlimited wants to build a more democratic version of bitcoin, Jim Harper, a senior fellow at the Cato Institute, thinks that the alternative implementation provides a different benefit, one that Bitcoin Unlimited’s designers might not have intended.