Categories: CryptoNews

Slush Pool Block Size Voting Shows Miners Prefer Bitcoin Core

The ongoing discussions about the Bitcoin block size solution is far from over, even though the latest Bitcoin Core client is hinting at the upcoming implementation of Segregated Witness. Slush Pool has posted some interesting statistics regarding the miners voting for their favorite solution.

Slush Pool Voting: Core, Classic, or Something Else?

There are multiple Bitcoin block size solutions available to users today, although it remains doubtful whether one of them will be able to overtake the Bitcoin Core client at any given time. According to the statistics posted by Slush Pool, Bitcoin Core remains the clear leader, even though a lot of miners have not voted just yet.

Based on the current statistics by Slush Pool, over 55% of all miners have cast their vote on which block size solution they prefer.  Unfortunately, there are a lot of people who only don’t care about this debate at all. This does not come as a surprise, considering this debate has been going on for far too long already.

Bitcoin Classic, which was once touted as the solution to overthrow Bitcoin Core dominance, is not all that popular among Slush pool miners. With just 20% of the votes – of the 55% of miners who voted so far – things aren’t looking all that promising. However, Bitcoin Core does not have the biggest lead either, as the results sit at 29% for this Bitcoin block size solution.

Related Post

There are other alternative solutions out there, though. BitPay has come up with their proposal, and there is also Bitcoin Unlimited to take into account. Neither of these concepts is gaining a lot of traction among Slush pool miners, though, and it is doubtful that situation will change anytime soon.

However, it is rather difficult to judge how this voting process will turn out in the end, as close to half of the Slush pool miners have not cast their vote yet. Only time will tell whether or not this is due to so many people not caring then can’t even be bothered to vote, or if there is a different reason. But for now, it looks like Bitcoin Core will be embraced as the solution for increasing the Bitcoin block size.

Source: Slush Pool

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

7 days ago