BitPay CEO Stephen Pair: We're Open to Alternative Block-size Proposals

Bitcoin payment processor Bitnet has indicated it is willing to implement block-increase proposals other than BIP (Bitcoin Improvement Proposal) 101. This makes Bitnet the third signatory of the industry letter supporting BIP 101 that indicates that it is open to alternative proposals. Bitnet co-founder and CTO Stephen McNamara told Bitcoin Magazine that he is still convinced that the block-size limit must be increased sooner rather than later. While the industry letter sent out in August of this year expressed support for BIP 101, which increases the block-size limit to 8 megabytes and....

BitPay introduced one potential fork of Bitcoin Core in a series of blog posts by CEO Stephen Pair. In the series, Pair describes an “adaptive block-size limit.” Pair expressed his belief on the Medium post’s that he believes Bitcoin does not need a fixed limit, though that would create uncertainty for miners. Pair believes there can be a “hard limit” – the maximum block size – and a “soft limit,” which miners could increase or decrease if they want. The soft limit will be the default limit for miners to create blocks. As Pair lays out in the fourth and final essay in a series: At BitPay,....

As opposing sides in Bitcoin's long-lasting scaling dispute seem to be inching closer, one of the remaining sources of contention is not whether, but how to achieve a small block size bump. TheBitcoin Core development team wants to increase the maximum block capacity through a Segregated Witness soft fork, which has since been embraced by a large part of Bitcoin’s development community and a significant segment of the Bitcoin industry. Others, like CEO of major payment processor BitPay Stephen Pair, believe the perceived benefits of soft forks over hard forks are being overstated. Speaking....

BitPay’s CEO Stephen Pair recently announced an innovative new program that could very well change the way the internet works on several levels. The new program, called Foxtrot, was designed to give internet users the security and privacy offered by the Bitcoin blockchain technology in everything they do online. While the new system is still in the early stages, foxtrot is currently available for download and BitPay plans on using it to empower their own systems. CoinTelegraph reached out to Tony Gallippi, BitPay’s Executive Chairman for comments about the new project as well as on the....

The Bitcoin debate of the year has been about how the blockchain block size matters. Whether to increase block size, how to do it, and when to do it, everyone seems to have an opinion. Now, Coinbase CEO Brian Armstrong, who has been mostly silent on the issue, has weighed in with a personal desire for growth, seemingly aligning with other Bitcoin corporate leadership. BIP 100, crafted by noted developer Jeff Garzikc is the current favorite amongst miners and the voting majority when it comes to block size upgrades. With BIP100 the power to set the block size limit is transferred from the....