31 May '17, 9am

Bitcoin's 'SegWit2x' Scaling Proposal: Where the Startups Stand

New information is coming out about a proposal that some hope could lead to a long-awaited increase to bitcoin's transaction capacity, a stagnant feature that many in the community believe is holding back the cryptocurrency's growth and utility. Although there have been past efforts aimed at putting an end to bitcoin's two-year scaling debate, the new 'agreement ' has perhaps earned unprecedented support from companies and mining pool operators, with over 50 bitcoin companies and firms representing more than 80% of bitcoin's mining power signing the proposal. The goal, according to the announcement blog post released last week, is to move forward with two changes: an optimization called Segregated Witness and a 2MB block size increase. Although, the latter is arguably the main point of contention, since it could potentially lead to the creation of two bitcoin networks if n...

Full article: http://www.coindesk.com/bitcoins-segwit2x-scaling-proposa...

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