What are the key features of BIP 148 UASF and how do they impact digital currency miners?

3 answers

• Nov 23, 2021 · 3 years ago
  BIP 148 UASF, also known as User Activated Soft Fork, is a proposal that aims to activate a specific upgrade to the Bitcoin protocol. It requires a majority of miners to signal their support for the upgrade by flagging their blocks. If the majority of miners do not signal support, a UASF chain split may occur. This can impact digital currency miners as they may need to choose which chain to mine on, depending on their stance on the upgrade and the support it receives from the community.
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• Nov 23, 2021 · 3 years ago
  The key features of BIP 148 UASF include the activation mechanism, which relies on miner signaling, and the potential for a chain split if there is not enough support. This can create uncertainty for miners, as they may need to make decisions on which chain to support and mine on. Additionally, the upgrade itself may introduce changes to the Bitcoin protocol that can affect mining operations, such as the introduction of new rules or adjustments to block size limits.
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• Nov 23, 2021 · 3 years ago
  From the perspective of BYDFi, a digital currency exchange, the impact of BIP 148 UASF on miners can be significant. If a chain split occurs, miners will need to decide which chain to mine on, and this decision can have implications for the value and stability of the respective cryptocurrencies. It is important for miners to carefully evaluate the potential risks and benefits of supporting or not supporting the upgrade, as it can have long-term consequences for their mining operations and profitability.
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