Antpool has mined a block that signals for the alternative bitcoin protocol. The cryptocurrency has lost 2,4% of its price.
The event that manifests the changing position of the most important bitcoin mining pool early in the morning on 7 March. The China-based miner currently responsible for about 15% of all created blocks has not officially commented on the issue.
The decision of Antpool altered the balance between the supporters of the Core’s solution Segregated Witness and Bitcoin Unlimited. According to CoinDance, as of 11 PM on 7 March, 25,4% of miners have signalled for SegWit, against 23,5% supporting Bitcoin Unlimited.
Meanwhile, most of the bitcoin network nodes stay loyal to SegWit. According to 21.co, more than 50% of them use Bitcoin Core versions 0.13.1 and 0.13.2, which activate the SegWit solution.
Meanwhile, the Antpool’s decision may be the reason behind the sudden drop in the bitcoin exchange rate. On 7 March, the cryptocurrency lost 2,5% of its price, getting down from $1280 to $1244.
SegWit and Bitcoin Unlimited are two alternative solutions to the prolonged scaling crisis of the bitcoin network. SegWit is a soft fork offering two main advantages: it increases the security of transactions and capacity of the blocks.
Bitcoin Unlimited, on the other hand, is a version of bitcoin client that allows miners to produce blocks of any preferred size limit. Theoretically, this may lead to a hard fork of the system if a proposed new block size limit gets massively adopted by nodes.
Meanwhile, a group of the Core devs works on the next stage of bitcoin scaling solution. The project aims to increase the maximum block size limit to 2 Mb, while in fact helping to decrease the actual and average block size. According to the developers, this is essential for reducing the Initial Block Download (IBD) cost and improving block latency.
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