Cryptocurrency Q&A
What was the first bitcoin fork?
What was the first bitcoin fork?
Silvia
Sat Jun 22 2024
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7 answers
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In the realm of cryptocurrency and blockchain technology, forks often mark significant milestones in the evolution of various digital currencies. As a practitioner in this field, I'm curious to delve deeper into the history of Bitcoin forks. Could you elaborate on what the first Bitcoin fork was? Was it a result of a technical update or a community dispute? What changes or innovations did it introduce? Understanding the genesis of this initial fork could provide valuable insights into the dynamics and evolution of the cryptocurrency landscape.
7 answers
HanbokElegance
Mon Jun 24 2024
Launched in 2014 by Mike Hearn, Bitcoin XT aimed to enhance the scalability of the Bitcoin network.
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Chiara
Mon Jun 24 2024
Prior to Bitcoin XT, the Bitcoin network was limited to processing up to seven transactions per second.
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Valentina
Mon Jun 24 2024
However, Bitcoin XT sought to revolutionize this limitation by targeting 24 transactions per second.
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SamsungShineBrightnessRadianceGlitter
Mon Jun 24 2024
To achieve this remarkable increase in transaction speed, Bitcoin XT proposed a crucial modification.
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QuasarStorm
Mon Jun 24 2024
The inception of Bitcoin XT marked a significant milestone in the evolution of Bitcoin.
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