The big elephant in the room has been the big scaling debate between developers and miners for the past two years. This year saw a faceoff between Bitcoin Core / Segregated Witness and Bitcoin Unlimited which turned pretty nasty at times. We now hear that there could be acceptance by all parties on implementing an agreed scaling solution… imminently!
Reported by CoinTelegraph:- “According to sources, a number of Bitcoin businesses owners, including Barry Silbert (Digital Currency Group), Roger Ver (Bitcoin.com) and major mining players Jihan Wu (Bitmain) and Valery Vavilov (BitFury), have come to a general agreement at the currently ongoing Consensus conference in New York.
They have agreed to collectively enable the SegWit proposal for Bitcoin scaling, effective immediately. Additionally, their proposed solution includes a countdown to another hard fork, which will enable an increase of the block size limit to 2MB – as opposed to the current limit of 1MB.”
But… is this real this time?
“Detailed in a Medium post published by investment firm Digital Currency Group today, the proposal was billed as an agreement that would make two changes toward this stated goal. The proposal was signed by more than 50 companies, and claims to have support from 83% of the network’s miners – businesses that operate computers that secure the blockchain and add new transactions to it.”
Read more – Bitcoin’s New Scaling ‘Agreement’: The Reaction
How is the price reacting?
Read more: Activate SegWit now!
Read more: What is Segregated Witness aka SegWit?
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