Web-Wallet Providers Divided over Andresen’s 20 MB Block Size Increase Proposal
Of allBitcoin web-wallet providers as listed onbitcoin.org, Blockchain.info, Coinbase and Xapo are in favor of raising Bitcoin's block size limit from 1 to 20 megabytes as advised by Bitcoin Core developer Gavin Andresen, while Coinkite and GreenAddress have come out against the proposal. This means that Bitcoin's major wallet providers based on venture capital investments as well as the total amount of users – Blockchain.info, Coinbase and Xapo - all agree on Andresen's proposal to raise the maximum size of Bitcoin blocks to 20 megabytes. But with Coinkite and GreenAddress opposing the....
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Two of China's biggestbitcoin exchanges - BTCChina and Huobi - have criticized Bitcoin Core developer Gavin Andresen's proposal to raise the block size limit to 20 megabytes by next year. Speaking to CoinTelegraph, both BTCChina as well as Huobi indicated that they believe any increase in Bitcoin's block size limit should be approached conservatively. While both exchanges recognize that the current one megabyte block size limit is probably too small for Bitcoin to reach mainstream adoption, they are skeptical of Andresen's proposal. BTCChina and Huobi shared concerns that a jump to 20....
When CoinTelegraph asked the Bitcoin Wallet software providers listed on bitcoin.org, they showed broad support for increasing the Bitcoin block size limit from 1 to 20 MB. The teams behind Bitcoin Wallet, Bread Wallet, Coinomi, mSIGNA, Electrum, MultiBit and Armory all indicated they support Gavin Andresen's proposal to increase the block size, which would allow for a greater number of transactions to be handled by the Bitcoin network. GreenAddress was the only opponent, as covered on Monday regarding web-wallet providers' stance on the block size issue. Most of the software providers....
Gavin Andresen recently added some new commits to Bitcoin Core on GitHub, thus continuing with his work on the original Bitcoin protocol. This work may raise some eyebrows, considering Core is a direct competitor with Bitcoin Classic on scalability, of which Andresen happens be to a lead developer. Gavin Andresen has been outspoken in his support for....
Bitcoin wallet provider GreenAddress was always critical of raising Bitcoin's block-size limit. As one of the first in the space in May of this year, the European multisig-wallet and software company publicly opposed Bitcoin XT and Bitcoin Core developer Gavin Andresen's initial plans to increase the maximum block size. Now, more than six months later, GreenAddress CEO Lawrence Nahum still holds firm, telling Bitcoin Magazine, "We are approaching this issue with an open yet conservative mind, and with the idea that first and foremost Bitcoin should be censorship resistant, and thus....
Bitcoin developers have been debating whether or not to increase the allowable block size to 20MB, as the network is struggling with verifying transactions now that volumes are growing. At the moment, there is a limit of 1MB per block, which limits the number of transactions that the network can handle per second. According to lead bitcoin developer Gavin Andresen, the best solution might be to develop a code that would allow for a larger block size. His proposal features a bitcoin hard fork that would allow any block with a timestamp on or after March 1, 2016 to be up to 20 megabytes.....