Developer dispute may lead to chaos

chaos-485491_1280The Bitcoin core team argues about the future of digital currency. Two developers are trying to impose their strategy with the release of a separate software version. They risk the big chaos.

For six years, you can take the virtual currency Bitcoin transfer money online, similar to using a credit card. But unlike the plastic money is behind the digital currency no company with mainframes. Instead, lead thousands of computers around the world in the background, the bookkeeping. Anyone can participate. And who will provide the computing power of its PCs, which is compensated – in Bitcoin. A central role is played by the sophisticated software running on the computers. Sophisticated algorithms and advanced encryption technology manage all transactions and ensure that no one can manipulate these accounts.

For the planning and development of this software, a five-member team is responsible. Now it has come to this committee to a dispute over the speed: Two members, Gavin Andresen and Mike Hearn, are of the opinion that the Bitcoin computer need too much time for a transaction. They fear that the Bitcoin infrastructure will soon reach their limits. To increase the speed, Andresen and

Read more ... source: TheBitcoinNews