Published On: Sat, Jul 22nd, 2017

Bitcoin Celebrations: The Community Cheers As They Got A New Scaling Framework

Bitcoin officials are very happy because they got the new mechanism through which they can get confidence in the virtual currency and now they are able to improve the usage of its scale from which they can build records.

Bitcoin-Celebrations-The-Community-Cheers-As-They-Got-A-New-Scaling-Framework

It is a great news for the Bitcoin users because now they are able to improve their virtual currency, they have increases their power in terms of high scale price, they are cheering with beers in head office to celebrate the new framework for the Bitcoin improvement of its scale and now they are going to build high records.

Advertisement

Bitcoin is a cryptocurrency and a digital payment system, this currency is going to powerful day by day as some countries are thinking to make it legal for use to exchange money, it was released in 2009 as a open source software.

Bitcoin invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and it is a new kind of currency which moves peer to peer for transactions between users without any use of intermediate.

Community was thinking about to empower the currency from number of years, now with the coordination of workers of community, they have built a code upgrade which is called as SegWit2x, through this the currency has become more manageable and it is easy to exchange now.

SegWit2x consist of a working group who are given to do design, implement, build, test, and deploy the software for Bitcoin scale, and an agreement on a specific point was made on May 21, 2017 between the community members to allocate technical resources to testing and deploying the software.

Andrew Lee who is head of Bitcoin-shopping startup purse.io celebrated the event at their San Francisco office with team members and they cheers with bears.

Advertisement

Recent Comments

Special Recent Posts

Darci Lynne Is The Winner Of America's Got Talent Season 12 While She Explains Her Crying On Stage

Darci Lynne Is The Winner Of America's Got Talent Season 12 While She Explains Her Crying On Stage

The new winner at America's Got Talent show, Darci cried on the stage after listen of her victory, i[...]
Mexico City Buildings Collapse: Girl Trapped Under Rubble As Rescue Teams Try To Reach

Mexico City Buildings Collapse: Girl Trapped Under Rubble As Rescue Teams Try To Reach

In results of buildings collapsed in Mexico capital due to massive earthquake on Wednesday, a 12 yea[...]
Trump's Speech Called As The Sound Of A Dog Barking' By North Korea At UN

Trump's Speech Called As The Sound Of A Dog Barking' By North Korea At UN

After Trump’s speech at United Nations general assembly the foreign minister of North Korea has call[...]
Johnny Depp Net Worth: How Much Is Johnny Depp Net Worth?

Johnny Depp Net Worth: How Much Is Johnny Depp Net Worth?

Johnny Depp Net Worth in 2018: $200 Million Johnny Depp is known as one of the highest paid actors [...]
Dwayne Johnson Net Worth; How Much Is Dwayne Johnson Net Worth?

Dwayne Johnson Net Worth; How Much Is Dwayne Johnson Net Worth?

Rock Dwayne Net Worth in 2018: $220 million Dwayne Johnson is known as one of the most famous profe[...]
Kevin Hart Net Worth; How Much Did Kevin Hart Make?

Kevin Hart Net Worth; How Much Did Kevin Hart Make?

Kevin Hart Net Worth in 2018: $120 Million Kevin Hart is known as one of the best comedians in the [...]
IOS 11: Features, Redesign App Store, File App, Control Panel, And Many More

IOS 11: Features, Redesign App Store, File App, Control Panel, And Many More

Apple has introduced the new advanced platform for iPhone as well as for the iPads, iOS 11 has launc[...]
Trump Speaks In Speech As He Threatens To Iran And North Korea At UN Conference

Trump Speaks In Speech As He Threatens To Iran And North Korea At UN Conference

Donald Trump warned the North Korea over the Pyongyang’s nuclear threats, North Korea has said about[...]
Mexico Earthquake: Massive Quake Collapse The Buildings As More Than 200 Dead

Mexico Earthquake: Massive Quake Collapse The Buildings As More Than 200 Dead

At least 248 have dead as massive earthquake hit the central Mexico on Tuesday, dozens of buildings [...]
Brain, Liver Can Damage By Smoking Cigarettes Because Of Its Smell In Clothes And Furniture

Brain, Liver Can Damage By Smoking Cigarettes Because Of Its Smell In Clothes And Furniture

It is found by the researchers that smell of smoking cigarettes can affect the liver and brain as it[...]
Wwe Raw Results From 18 September: Winners, Reactions, Grades And Updates

Wwe Raw Results From 18 September: Winners, Reactions, Grades And Updates

Before the main event ‘No mercy’, at the final show of Raw, it seemed that there is one purpose of t[...]
Samsung Biggest Sales In Korea As It Sold Over 270,000 Galaxy Note 8 This Weekend

Samsung Biggest Sales In Korea As It Sold Over 270,000 Galaxy Note 8 This Weekend

After receiving of massive pre-orders for the Galaxy Note 8, the Samsung has sold over 270,000 in Ko[...]
James Corden Speaks About The Controversial Photo Of Kissing Sean Spicer At The Emmys

James Corden Speaks About The Controversial Photo Of Kissing Sean Spicer At The Emmys

The host of “Late Late Show”, James Corden spoke about the leaked photo of him, kissing the former p[...]
Suu Kyi Speaks Out Over Rohingya Crisis For Help As She Addresses The Nation

Suu Kyi Speaks Out Over Rohingya Crisis For Help As She Addresses The Nation

At last, after the destruction of Muslims in Rohingya, Aung San Suu Kyi spoke out about the ongoing [...]
Hurricane Maria Devastates Caribbean Island As Dominica Prime Minister Reported

Hurricane Maria Devastates Caribbean Island As Dominica Prime Minister Reported

The prime minister of Dominica told that last night on Monday Hurricane Maria has destroyed the Cari[...]