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Wednesday, May 24, 2017

56 Bitcoin Companies Approve Segwit-2Mb Combined Fork Plan

56 Bitcoin Companies Approve Segwit-2Mb Combined Fork Plan

For a few days bitcoin enthusiasts have been anticipating the56 Bitcoin Companies Approve Segwit-2Mb Combined Fork Plan “Barry Silbert” scaling plan  hinted at a few days ago. Following Silbert’s statements about a new scaling effort, a meeting took place in connetion to the Consensus 2017 conference. As the conference came to an end, Silbert’s venture capital firm DCG revealed the compromise proposal.

The agreement is supported by 56 digital currency companies stemming from 21 countries worldwide. The letter states the agreement has the backing of over 83 percent of the network’s hash power. This group represents 5.1 billion USD monthly on chain transaction volume and 20.5 million bitcoin wallets within the economy.

“We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original Segwit-2Mb proposal,” explains the DCG announcement.

Full story at http://bit.ly/2qPR6Kj

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