Can you explain the significance of BU type 2 in the cryptocurrency space?

1 answers

• Jan 08, 2022 · 3 years ago
  BU 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.
  528264