Chinese Exchanges Reject Gavin Andresen’s 20 MB Block Size Increase
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....
Related News
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....
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 Classic has been available for download on its website and by its GitHub source. The popular hard fork proposal coined “Classic” has been gaining some steam since its official announcement a few weeks ago. The plan is to perform a hard fork to a 2 MB block size increase, which Classic developers say is a change demanded by users. Creators and....
While most Chinese Bitcoin exchanges, Western Bitcoin web-wallet services and Bitcoin software providers have weighed in on the recent debate regarding the block size limit, almost all of the non-Chinese Bitcoin exchanges have so far refrained from offering meaningful, public comments on the issue. CoinTelegraph reached out to all the bitcoin exchanges that account for at least one percent of global trading volume, as listed on bitcoinity.org, but we received no response from most of them. As such, it remains unclear whether the Bitcoin exchange industry would be in favor of raising the....
BitPay, the largest bitcoin payment processor has sided with Gavin Andresen's court by showing its support towards incorporation of BIP 101. In other words, BitPay in one of their blog posts mentioned that the company supports the move to increase bitcoin block size from 1 MB to 8 MB (which is known as BIP 101). Bitcoin XT has been a topic of serious debate among the bitcoin community for a while now. The debate has ranged ever since Gavin Andresen, the Chief Scientist at Bitcoin Foundation and Mike Hearn proposed Bitcoin XT a few months ago. The Bitcoin XT proposal was later changed to....