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Developers Split Over Bitcoin's Future As Rival Software Emerges


Ron Burgundy
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A Bitcoin logo is displayed at the Bitcoin Center New York City in New York's financial districtBy Jemima Kelly LONDON (Reuters) - A power struggle over the future of bitcoin is dividing its lead developers, provoking a fierce debate over whether the digital currency's software should be tweaked to allow for more and speedier transactions. On Saturday, a rival version of the current software was released by two bitcoin big guns: Gavin Andresen, who was chosen by the currency's elusive creator, Satoshi Nakamoto, as his successor when he stepped aside in 2011, and Mike Hearn, who along with Andresen is one of five senior developers. For months Andresen and Hearn have been locked in an argument with the other three lead programmers over whether the "blocks" in which bitcoin transactions are processed should be enlarged from their current 1 megabyte, so as to enable more than three payments to be processed per second.




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