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Quasar: Bitcoin SV announces Upgrade for Miner

Bitcoin SV, the "Vision of Satoshi's" has announced on its website an Upgrade. Quasar aims to enhance the capacity of blocks on the Blockchain. By Phillip H

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Quasar: Bitcoin SV announces Upgrade for Miner

Bitcoin SV, the "Vision of Satoshi's" has announced on its website an Upgrade. Quasar aims to enhance the capacity of blocks on the Blockchain.

By Phillip Horch
16. July 2019BTC$10.414,00 -1.35%part Facebook Twitter LinkedIn xing mail

The Team of developers of Bitcoin SV Upgrade announces. With Quasar, among other things, the block size should be changed in the Blockchain, the "Vision of Satoshi's". All of the Quasar-Upgrade.

Like Bitcoin, SV on its Homepage proclaims, may SV Fans to the 24. July expect a Forking Protocol Upgrade. How the developers communicate, to relate to the Upgrade mainly to the Hard Cap of block size. Thus, the scalability of the Bitcoin-SV is expected to improve Protocol as a whole. Accordingly, the maximum size of BSV blocks will be two gigabytes.

This Block Hard Cap is the maximum size that recognizes a Miner of Bitcoin, SV as valid. As you can notice, more, see, should, however, disappear in this Setting with the Genesis Upgrade.

Miner of Bitcoin, SV are encouraged, therefore, if desired, to change your Hard Cap for the blocks manually. Like BSV tells also for mere users of the BSV Blockchain otherwise, no calls to Action.

Quasar serves as a preparation for unlimited blocks

Ultimately, the Quasar-Upgrade Miner to enable so, the Block size can be set manually. In the next year, the block size should then disappear completely:

to push, This is a very active attempt by the Bitcoin SV-developer Teams, the responsibility for the capacity and consensus under its own power in the hands of the Miner. The miners are now involved in the administration of the block sizes-consensus responsible, and if you screw it up, it will cost you [money]. The last Phase of this Transition is to remove the default in the next year [...]. But we think that it is fair to give the miners time to familiarize yourself with your new role, be familiar with, and we also need a little more time, to give you better tools to manage unlimited block sizes safer.

The so-called Genesis Upgrade will come in February next year.

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