Bitcoin.com’s mining pool mined its first block using the Bitcoin Unlimited protocol on block 430757 on Wednesday September 21, 2016. This is a momentous move that will provide miners alternatives. According to a statement on the website of Bitcoin.com, the major dichotomy between the Unlimited and the Bitcoin Core protocol is the former’s ability to allow miners and nodes to choose the size they want. Roger Ver, CEO of Bitcoin.com reiterated his outfit’s commitment to providing Bitcoin advocacy, information and news. He upheld his position to support Bitcoin to the point of global economic buoyancy remaining on course. “Bitcoin.com is now the primary hub for Bitcoin advocacy, information and news. We also want to support Bitcoin’s growth into a worldwide economic force – and that’s exactly what we’re doing by starting this pool.” Getting around of scalability It explained further how the move is aimed at resolving the powerlessness of Bitcoin to scale, as well as the current ridiculous 7 transactions per second capacity of the network. The situation is in sharp contrast to centralized platforms like Paypal and MasterCard. Bitcoin.com believes that the current complains concerning delays in transactions is undesirable for business. In recent times some transactions on the Bitcoin Network can take up to hours or days. In the absence of a clear cut resolution to scalability, the newly introduced Bitcoin Unlimited seems to point the way out. It offers choices in a competitive environment. Emil Oldenberg, CTO of Bitcoin.com revealed the mining went well without any blemish. “This is the first block mined with the Bitcoin Unlimited client using the expedited Blocks relay technology. This block was mined in the US, but got through the Chinese Firewall in a matter of milliseconds and then sent to the other Chinese pools.” Bitcoin.com won’t create a hard […]
