Bitcoin Conference says Hard-Fork by 2017; Coinbase CEO says “Too Little, Too Late”

By February 23, 2016Bitcoin Business

Bitcoin’s core contributors and CEOs from the Bitcoin industry propose a hard-fork but Xapo and Coinbase CEOs disagree.

A roundtable conference on Bitcoin was held on 21st February 2016 in Cyberport in Hong Kong , China . The meeting was attended by many prominent people related to BitcoinCT r: 10 , including, CEOs of Bitfury , Bitmain, Han Solo, Blockcloud, A-XBT, BIT-XCT r: 61 Exchange, Coinfloor , and Huobi , among others. The meeting was also attended by five of Bitcoin’s core contributors, namely, Cory Fields, Johnson Lau, Luke Dashjr, Matt Corallo, and Peter Todd .

A general consensus was reached and signed by all the CEOs, Bitcoin core contributors, members of the Bitcoin Association of Hong Kong, and other attendees. Consensus on hard-fork in the Bitcoin industry

An official statement issued by the Conference read: “We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled. We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork, based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit. This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB, and will only be adopted with broad support across the entire Bitcoin community . We will run a SegWit release in production by the time such a hard-fork is released in a version of Bitcoin Core. We will only run Bitcoin Core-compatible consensus systems, eventually […]

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