7 Leading Bitcoin Companies Pledge Support for BIP101 and Bigger Blocks
Leading bitcoin startups including BitPay, Blockchain.info, Circle, KnCMiner, Bitnet, Xapo and BitGo have come to a consensus to implement Gavin Andresen's BIP 101, and to expand the current block size to 8 megabytes, after a long discussion with core developers, miners and the companies' technical teams. A statement of their support was posted on the....
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Bitcoin XT has failed to attract majority support and has not achieved 750 blocks in the best chain at its activation date. According to Gavin Andresen’s BIP101 specification that is implemented in Bitcoin XT: Deployment shall be controlled by hash-power supermajority vote (similar to the technique used in BIP34), but the earliest possible activation time is 2016-01-11 00:00:00 UTC. Activation is achieved when 750 of 1,000 consecutive blocks in the best chain have a version number with the first, second, third, and thirtieth bits set.
(Editor’s Note: This article was originally published in August of 2015 and was immediately censored from /r/Bitcoin and several other places. The version below has been updated to recommend support for Bitcoin Unlimited.) Recently there has been an uproar in the Bitcoin community over a potential increase of the Bitcoin block size. There are many people....
Jim Burton, the British lead developer of "lightweight" Bitcoin client MultiBit, favors a rapid block-size increase in order to allow for more transactions on the network, rather than focusing on layers built on top of Bitcoin. "Philosophically, we think that Satoshi's vision of a peer-to-peer currency needs bigger blocks," Burton told Bitcoin Magazine. We want people to be able to transact person-to-person 'on-chain'. We are starting to see large transaction backlogs, for instance recently on Black Friday, so the need for bigger blocks is clear." The block-size dispute - which represents....
Recently there has been an uproar in the Bitcoin community over a potential increase the Bitcoin block size. There are many people I respect deeply on both sides of this issue, but unfortunately we’ve seen some members of the community resorting to outright censorship in order to stop the debate. Censorship is never the answer. The reason myself and many....
The battle rages on within the Bitcoin community on how to move forward with potential hard fork changes designed to accommodate larger block sizes. Jeff Garzik’s BIP 100 proposal has taken the mining industry by storm, gathering a majority of support of those currently voting. Meanwhile, Bitcoin corporate leaders have formed a united front around the proposal by Mike Hearn and Gavin Andresen called BIP 101. On Tuesday, August 24, the leaders of many of the largest Bitcoin companies in the world signed off on BIP 101 as their revision of choice. They crafted a manifesto declaring a solid....