20 Feb '16, 11pm

Bitcoin Miners Back Proposed Timeline for 2017 Hard Fork

Bitcoin Miners Back Proposed Timeline for 2017 Hard Fork

A group of bitcoin miners constituting close to 80% of the network hashrate, as well representatives from exchanges, service providers and contributors to the Bitcoin Core development project, have proposed a development timeline for scaling the bitcoin network. The statement’s release comes after a more than 18 hour-long meeting in Hong Kong that drew participants from China's bitcoin mining community and members of the Bitcoin Core team. Some of the letter's signatories were party to a previous statement that voiced opposition to any "contentious hard fork" to the bitcoin network. According the proposed timeline, Bitcoin Core contributors Matt Corallo, Luke Dashjr, Cory Fields, Johnson Lau and Peter Todd will produce and recommend code for a hard fork to the bitcoin network that would feature a block size increase . The code for this proposal is expected to be made avail...

Full article: http://www.coindesk.com/bitcoin-miners-back-proposed-time...

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