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Bitcoin Scaling Agreement Reached, Community Divisions Persist - Dash Force News

Discussion in 'Articles/News' started by Mark Mason, May 24, 2017.

  1. Mark Mason

    Mark Mason Well-known Member

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    Bitcoin Scaling Agreement Reached, Community Divisions Persist - Dash Force News

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    A scaling agreement has been reached for Bitcoin by a large group of industry players, while elements of the community remain opposed.

    This week at the Consensus 2017 conference, a group of 56 companies representing more than 83% of the mining network’s hashing power signed a compromise agreement for Bitcoin’s scaling moving forward. The signers agree to both activate Segregated Witness (SegWit) and increase the block capacity from 1MB to 2MB by hard fork six months from now. This move is meant to appease both SegWit supporters and “big-blockers” wishing to increase on-chain capacity with a simple block size increase.​
     
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