Can you explain the significance of BU type 2 in the cryptocurrency space?
Esha RajpootSep 22, 2022 · 3 years ago1 answers
What is the significance of BU type 2 in the cryptocurrency space? How does it impact the industry?
1 answers
- bigBullOct 23, 2021 · 4 years agoBU type 2 is a proposed upgrade to the Bitcoin protocol that aims to increase the block size limit. It addresses the scalability issue faced by Bitcoin and aims to improve transaction speed and reduce fees. It introduces a new consensus mechanism called Emergent Consensus, which allows for dynamic adjustment of the block size limit based on transaction demand. While it has gained support from some members of the cryptocurrency community, it is still a proposed upgrade and has not been widely adopted by the Bitcoin network.
Top Picks
How to Use Bappam TV to Watch Telugu, Tamil, and Hindi Movies?
1 4331564How to Withdraw Money from Binance to a Bank Account in the UAE?
1 04324Bitcoin Dominance Chart: Your Guide to Crypto Market Trends in 2025
0 03382The Best DeFi Yield Farming Aggregators: A Trader's Guide
0 02441PooCoin App: Your Guide to DeFi Charting and Trading
0 02330ISO 20022 Coins: What They Are, Which Cryptos Qualify, and Why It Matters for Global Finance
0 02094
Related Tags
Hot Questions
- 2716
How can college students earn passive income through cryptocurrency?
- 2644
What are the top strategies for maximizing profits with Metawin NFT in the crypto market?
- 2474
How does ajs one stop compare to other cryptocurrency management tools in terms of features and functionality?
- 1772
How can I mine satosh and maximize my profits?
- 1442
What is the mission of the best cryptocurrency exchange?
- 1348
What factors will influence the future success of Dogecoin in the digital currency space?
- 1284
What are the best cryptocurrencies to invest $500k in?
- 1184
What are the top cryptocurrencies that are influenced by immunity bio stock?
More Topics