The Bitcoin XT project, championed by Gavin Andresen and Mike Hearn, has been the talk of the Bitcoin community all summer long. Some love it, some hate it, but the issue will not be resolved quietly, it seems. Those who have chosen to adopt the new software have reported suffering targeted cyber attacks after migrating to XT.
To BIP 101 or not to BIP 101
For those unaware of the scuttlebutt, Bitcoin XT was proposed by the prominent Bitcoin core developers to alleviate future scalability issues Bitcoin is expected to face. Currently, transactions per minute are limited to 7 per second with estimates showing that sometime next year this will start to cause a network backlog as demand and adoption grow.
Many options have been presented, most notably BIP 100 and BIP 101 (Bitcoin XT) to solve the problem with voting by Bitcoin nodes for a 75% “consensus” on which option users most prefer. Most recently, it has come to light that major corporations have aligned with BIP 101, while BIP 100, the brainchild of Jeff Garzik, is the favorite of the mining community.
But now, those who are ready to vote for the Bitcoin XT party line