Blockchain upgrade helps avert split in Bitcoin – IT PRO

A software revamp will help address transaction limitations in the cryptocurrency

Bitcoin has managed to avoid being split into two separate currencies after its community reached an agreement to significantly upgrade the capabilities of its underlying blockchain network.

A compromise was reached between the developers behind Bitcoin and the mining community, which had become divided over how to improve the technology, with some fearing that the currency could be split into two different blockchain networks.

Miners of the cryptocurrency issued overwhelming support for a software upgrade known as the Bitcoin Improvement Proposal (BIP) 91 last Friday, which is the first in a series of steps attempting to address the processing limitations of the current blockchain network, according to Reuters.

More at: Blockchain upgrade helps avert split in Bitcoin | IT PRO

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