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Bitcoin averts split as miners back new software upgrade

Support for Bitcoin Improvement Proposal 91 reaches nearly 100%

Gertrude Chavez-Dreyfuss | Reuters  |  New York 

Digital currency bitcoin averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin’s miners have signalled their support for the so-called Bitcoin Improvement Proposal (BIP) 91, avoiding a split of bitcoin into two blockchains. The miners represent a network of computer operators who secure the blockchain or a public ledger of all bitcoin transactions BIP 91 is the first step toward a larger effort to upgrade bitcoin through a software called ...

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First Published: Sun, July 23 2017. 00:37 IST