Frequently asked questions
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Bitcoin XT embraces Bitcoin's original vision of simple, reliable, low-cost transactions for everyone in the world. Bitcoin XT originated as a series of patches on top of Bitcoin Core and is now a independently maintained software fork. We do deterministic builds so anyone can check the downloads correspond to the source code.
The XT mission statement defines what the project believes is important: We try to follow Satoshi's original vision, as it is that vision which brought the Bitcoin community together. Many years ago, a capacity limit was introduced into Bitcoin by Satoshi. He forking bitcoin xt is it to be removed once lightweight wallets were developed, however, this was never done. As predicted Bitcoin has run out of capacity and users are experiencing reliability problems as a result.
Miners and users who disagree with them have switched to Bitcoin Forking bitcoin xt is or switched to other clients following the Bitcoin Cash consensus. There has been much community debate on this topic. You can read analysis and explanations for why we think raising the block size limit is important here:. By mining with Bitcoin XT you are empowered to vote on a new maximum block size limit.
This indicates to the rest of the network that you support updating the limit. Bitcoin XT supports configuring the maximum size of blocks to mine. When set your forking bitcoin xt is will not create blocks larger than the limit, although it will still accept them. By running Bitcoin XT you take no risks: If enough does, you will follow the new chain and things will continue as normal. Additionally, XT has a useful feature: By running XT you help propagate information about double spends across the network, making it harder for payment fraudsters to steal from sellers by broadcasting two forking bitcoin xt is transactions simultaneously.
Get in touch via our chatroom on Gitter. What we stand for The XT mission statement defines what the project believes is important: Scaling the network up to handle user demand is importanteven if that means the network changes along the way.
It's what Satoshi wanted and the idea of a global system used by ordinary people is what motivated many of us to join him. XT provides people with information they needeven if using it requires them to make risk based decisions. We believe unconfirmed transactions are important. Many merchants want or need to accept payments within seconds rather than minutes or hours.
XT accepts this fact and does what it can to minimize the risk, then help sellers judge what remains. It is committed to the first seen rule. We will not adopt changes that make unconfirmed transactions forking bitcoin xt is.
Lightweight wallets are important. Most users cannot or will not run a fully verifying node. Most of the world population does not even own a computer: These users must sacrifice some security in order to participate, so XT supports whatever technical tradeoffs wallet developers wish to explore.
Decision making is quick and forking bitcoin xt is. Decisions are made according to a leadership hierarchy. The XT software encodes forking bitcoin xt is that follow the above principles: We do not consider writing principled software to be centralizing and do not refuse to select reasonable defaults.
The Bitcoin XT community is friendly, pragmatic, cares about app developers and considers the user experience in everything we do. We value professionalism in technical approach and communication. Block size hard fork Many years ago, a capacity limit was introduced into Bitcoin by Satoshi. You can read analysis and explanations for why we think raising the block size limit is important here: A series of essays by Gavin Andresen Why the block size limit must be raised and why the proposed alternative schemes will not workby Mike Hearn.
Miners By mining with Bitcoin XT you are empowered to vote on a new maximum block size limit. Users and merchants By running Bitcoin XT you take no risks: Discussion of new patches Questions around usage or how forking bitcoin xt is to configure XT for mining Development ideas please at least try to implement your idea before asking others to do so!
Be polite and debate ideas rather than people.
