So bip-110 failing means the bitcoin protocol is now centralized? Is there an explainer for a simpleton to read?
Not really. Its a complex and nuanced discussion.
Bip-110 wanted to keep the blockchain small so that anyone can run an unpruned node on an old phone or laptop and not need a massive drive or have to run a pruned node.
The miners got together and decided to ignore the softfork.
I.E. the miners are in charge of the protocol.
Its the first stumble on a steep slippery slope of centralization.
Bip-110 wanted to keep the blockchain small so that anyone can run an unpruned node on an old phone or laptop and not need a massive drive or have to run a pruned node.
The miners got together and decided to ignore the softfork.
I.E. the miners are in charge of the protocol.
Its the first stumble on a steep slippery slope of centralization.
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