All About BTC, LTC, ETH mining as well as other alternative crypto currencies
If you’ve made a Bitcoin transfer in the last hours you probably are wondering why it still hasn’t gone through. The reason is that that the number of unconfirmed transactions on the Bitcoin blockchain is really large at the moment, so things are moving slowly. The wait time for transactions with standard network fees could take quite some time, so be aware of that when sending payments or transferring BTC between wallets. Increasing the network fee might help in moving your transfer faster than others, but with such high number of unconfirmed transactions it could still take more time than usual. There is no very apparent reason why the number of unconfirmed transaction is over 35 thousand at the moment, so it could as well be somebody testing/flooding the network with many small transactions. Issues like that are bringing up yet again the question about the increase of blocksize over the current limit of 1 MB, even though it has been a few months since we’ve last had too many unconfirmed transactions, it is issues like these that might become more common in the future due to the small block size and larger number of transactions happening.
The Ethereum project has released an official update regarding the next phase called Homestead that will need a hardfork and that will take place at block 1150000 or roughly around Pi Day (March 14th). Homestead is the second major version release of the Ethereum platform, which includes several protocol changes and a networking change that requires the hardfork. This does not mean that Ethereum will be switching to PoS yet, Homestead will continue to rely only on PoW mining with Proof of Stake switch phase planned for a later time in the future. After the Homestead hardfork everything should continue to run normally as it is now.
The Go version of Ethereum (geth) for Homestead will be release 1.3.4 and includes the above mentioned changes to the protocol and network. Following the release of Homestead the Go team will also shortly come with the 1.4 release, which is our big feature release and includes months of work. The C++ version of Ethereum (eth) for Homestead will be version 1.2.0. Apart from the protocol and network changes, it also tries to be as compatible to geth as possible. So make sure you keep track of the development in the newt two weeks as you will have to upgrade your Ethereum client if you are running a local node or have a local wallet when the new versions with support for Homestead become available.
Here comes the official release of Bitcoin Core v0.12.0, but note that there is still no final solution implemented for the growth of block size over time and the debate continues. Still a lot of work has gone into this release and it may just be the biggest one yet, with more significant improvements than any other before.
Here is a list of the major improvements in version 0.12:
– 7x Faster Signature Validation
– Ability to Limit Upload Traffic
– Crash Prevention via Memory Pool Limits
– Option to Send Transactions That Can Be Fee-Boosted
– Improved Rules for Transaction Relaying
– Automatic Usage of Tor When it’s Running
– Ability for Apps to Subscribe to Notifications With ZeroMQ
– Massively Reduced Disk Usage for Wallets
– Much Faster Block Assembly for Miners
In addition to these, there are 13 other improvements that didn’t make the top list but are nonetheless quite valuable. You can find a complete list of them in the Change log.