31 Bitcoin Contributors Sign Block Size Proposal By Gregory Maxwell
The Bitcoin block size debate is still far from over, as a new capacity increases page with initial signatures has been posted on GitHub very recently. Quite a few prominent names in the Bitcoin industry have all signed the roadmap, including Charlie Lee, Cory Fields, Gregory Maxwell, and, surprisingly enough, Theymos. Whether or not a consensus can be reached regarding this proposal, remains to be seen, though. The proposal in question was penned down by Gregory Maxwell after the recent Scaling Bitcoin Workshop in Hong Kong, which took place in early December 2014. With so many new,....
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One of the main reasons why the Bitcoin block size debate has been attracting so much attention is that there is a growing number of network transactions that need to be validated. By increasing the Bitcoin block size limit, more transactions can be included in every network block. According to Gregory Maxwell, there is no real need to include more....
Bitcoin Core developer Jeff Garzik's proposed compromise to double the block size limit to 2MB as a temporary solution is still far from reaching consensus. When asked by CoinTelegraph, developers from both sides of the debate were skeptical of the small bump in size. Long-time critic of raising the block size limit, Peter Todd, remains critical of any raise for now, including a bump to 2MB. Instead, he'd still rather let Bitcoin hit the maximum amount of transactions the network can handle, in order for a fee market to establish. He told CoinTelegraph: On the other side of the debate,....
Although some individuals in the Bitcoin community believed that nothing would come out of the recent Scaling Bitcoin workshop in Montreal, it seems that some progress was made in finding a compromise between the small-block decentralists and the big-block progressives. Multiple discussions between some of the key minds in the Bitcoin Core development community took place at the event this past weekend, and it seems the overall goal was to find the key areas of agreement between all of the contributors' wide-ranging points of view. Rumors were originally swirling around a possible....
Former Bitcoin Core developer and current R3 employee, Mike Hearn, has claimed that Blockstream – a blockchain-based startup comprised by a group of Bitcoin core developers is the source of the refusal behind Bitcoin’s block size increase. He also cites that Bitcoin’s “leader” is Blockstream co-founder and CTO, Gregory Maxwelll. In a post made on a public forum today, Hearn directly asserts that Blockstream co-founder and CTO Gregory Maxwell – also a Bitcoin Core developer – is the reason for the refusal to “bump” Bitcoin’s block size. Beyond the revelation, Hearn directly calls Maxwell a....
Mike Hearn decided to clear the air as he made public a chat between Gregory Maxwell and himself. A popular reddit post called “Thank You Mike Hearn” had found its way to the front page with what seems to be a copy & pasted debate between Hearn and Maxwell arguing over Bitcoin scale. “It was well …. understood that the users of Bitcoin would wish to....