I have been covering the Bitcoin scaling debate for a long time - an issue that Steem managed to solve overnight. Yeah that's right, it took steem a couple of hours to solve what Bitcoin tried to do for over a year.
Increasing the Blocksize
The issue is with blocksizes - how much information should be stored every few minutes. Bitcoin is trying to increase the blocksize (called blockweight after segwit) from 1MB to 2MB, and it's been trying to do that for years now. Steem managed to increase blocksize from 64k blocks to 128k blocks almost overnight. It's that easy. In fact, its so easy that the post is trending on reddit/r/btc
Thanks to reddit user FUBAR-BDHR for posting this up.
https://www.reddit.com/r/btc/comments/6o3opt/how_easy_is_should_have_been_steem_just_doubled/
Steem is Epic
This is some really awesome work guys, and it shows that from a technology front, we're well covered. The worst thing is to not be able to move forward because of endless arguing. This really made my day, thank you Steem!
I like how on Steem anybody can grab power even if they don't have money they can use their talent to achieve this power.
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Keep up the good work community. I'm not really into programming and crypto development, but every progress on Steemit puts a smile on my face. Can't wait to see all these new projects launched. It's going to be massive mainstream target. Zappl incoming early august. Hope the price continues to impress us too as 0. 70$ dip was shocking. Thanks for sharing, upvoted.
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Power to the people!
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I'm liking Steemit more and more everyday!
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We are all lucky that we jumped on steem train so early. And the train is still at a train station. Buy and earn steem, power up. It's cheap now.
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this market will eventually meet new demands and another coin will rise to the number 1 spot
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Steem is the future and they get things done :)
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I agree that STEEM is beneficial as well, I invest in alot of different crypto-currency. I don't like to have all of my eggs in one basket.
I prefer to scatter my investment and them grow individual
double the resource
double the power
double the return
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New Followers get 0.001 SBD$ and an upvote for free!!
Just follow @steemvote and...
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Good to hear. Full Steem Ahead!
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Interesting. I wonder how increasing the blocksize in steem affected the miners. To a certain extent increasing the block size is just a temporary fix no?
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Yeah we need to be reminded of how awesome Steem is. Thanks for doing that buddy! 👍🏽☺
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Steem has a high learning curve as to how it really works. Been dipping my toes in for awhile now and it might be time to take a plunge.
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Take that, cryptos!
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Cool. Thanks for bringing this to my/our attention. I just found you today and I really like your content.
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nice blog bro......... bravo
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haven't heard you talk about steem for awhile. This is good news! hope you make another video about steem.
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i should!
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This post has been ranked within the top 25 most undervalued posts in the first half of Jul 19. We estimate that this post is undervalued by $18.90 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 19 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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YES Steem it to the future!
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