Bitcoin xt node
As predicted Bitcoin has run out of capacity and users are experiencing reliability problems as a result. Miners and users who disagree with them have switched to Bitcoin XT or switched to other clients following the Bitcoin Cash consensus.
There has been much community debate on this topic. You can read analysis and explanations for why we think raising the block size limit is important here:. By mining with Bitcoin XT you are empowered to vote on a new maximum block size limit.
This indicates to the rest of the network that you support updating the limit. Bitcoin XT supports configuring the maximum size of blocks to mine. When set your node will not create blocks larger than the limit, although it will still accept them. By running Bitcoin XT you take no risks: If enough does, you will follow the new chain and things will continue as normal.
Additionally, XT has a useful feature: By running XT you help propagate information about double spends across the network, making it harder for payment fraudsters to steal from sellers by broadcasting two conflicting transactions simultaneously. Get in touch via our chatroom on Gitter. What we stand for The XT mission statement defines what the project believes is important: Scaling the network up to handle user demand is important , even if that means the network changes along the way.
It's what Satoshi wanted and the idea of a global system used by ordinary people is what motivated many of us to join him. XT provides people with information they need , even if using it requires them to make risk based decisions. We believe unconfirmed transactions are important. Many merchants want or need to accept payments within seconds rather than minutes or hours. XT accepts this fact and does what it can to minimize the risk, then help sellers judge what remains.
It is committed to the first seen rule. We will not adopt changes that make unconfirmed transactions riskier. Lightweight wallets are important. The Guardian wrote that "bitcoin is facing civil war". In any event, the XT hard fork stalled. From Wikipedia, the free encyclopedia. Retrieved 20 August Retrieved 7 January Will it break, or be better than ever? Retrieved 5 January Luther 8 September History Economics Legal status.
List of bitcoin companies List of bitcoin organizations List of people in blockchain technology. Retrieved from " https: Bitcoin clients Free software software Beta software.