Bitcoin Developer Behind Failed Fork Begins Another Offshoot
- Core developer Jeff Garzik regroups after SegWit2x failure
- About 10 pecent of bitcoin mining has switched, Garzik says
Bitcoin: What’s Coming in the Year Ahead
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A new version of the bitcoin system has been formed after some developers split the blockchain, the digitized ledger on which the cryptocurrency lives. Called UnitedBitcoin, the offshoot comes a month after an earlier effort failed to gain enough support.
Bitcoin core developer Jeff Garzik, a proponent of the failed network upgrade known as SegWit2x, is leading to effort to increase capacity by raising block size to eight megabytes, as well as adding new smart contract features and support for the Lightning Network, which is a way to run more transactions.