Jeff Garzik Proposes BIP 202: Block Size Increase to 2 MB

Bitcoin Core developer Jeff Garzik has submitted a proposal to raise the block size limit from 1MB to 2MB. The proposal is intended to buy more time to reach a consensus on a more durable solution before the maximum amount of transactions on the Bitcoin network is reached. As the debate on a possible raise of the block size limit has been raging for months – years even – without consensus on a durable solution within sight, Garzik has proposed to adapt a temporary solution. This new Bitcoin Improvement Proposal (BIP), named BIP 102, holds that the Bitcoin block size limit be doubled on....

Jeff Garzik, a bitcoin code veteran who recently launched the Bloq code-for-hire service to develop blockchain features, continues to defend a hard fork solution to the bitcoin scaling challenge. Garzik has engaged with individuals who disagree with him on Twitter in the last few days. Everyone agrees the block size needs to expand if the bitcoin network is going to process a larger volume of transactions. But the solution has proven evasive. Garzik has voiced his dismay at the number of people who have proposed using technically inferior systems to increase the block size. Bitcoin Block....

Bitcoin Core developer Gavin Andresen in a recent e-mail has requested constructive feedback for his adaption of BIP-102 from the Bitcoin Community. Block size debate, who is not familiar with it? The arguments are slowly cooling down as most of the Bitcoin community is favoring Bitcoin Classic. Bitcoin Classic proposes an increase of block size from 1 MB to 2 MB to accommodate growing transactions on the Bitcoin network. Bitcoin Classic calls for a hard fork in the blockchain to introduce the change in block size. Recently in an email, Gavin Andresen has called for constructive feedback....

Bitcoin core developer Jeff Garzik has proposed increasing bitcoin's block size limit to 2MB. Blocks - which are created every 10 minutes - currently hold only 1MB of transactions each. However, if the bitcoin network is to scale competitively it will need to exceed the three to seven transactions per second it currently supports. With the 1MB limit looking to be reached within the next few months, Garzik says his proposal, BIP 102, is an emergency 'fallback' if consensus among bitcoin's stakeholders is not reached.

Jeff Garzik, a bitcoin code veteran, offered some insight into his purpose for launching Bloq a code-for-hire service to develop features for blockchain software and provide access to blockchain support. In a podcast interview on Bitcoin Uncensored co-hosted by Chris DeRose, a self-described bitcoin evangelist, Garzik offered his views on the current block size debate and bitcoin’s future. During the interview, Garzik voiced support for an inclusive approach to resolving the block size and scaling issues, but this inclusiveness has left the dialogue open to misunderstandings about bitcoin....