Next week in Hong Kong (6-7 December) some of the biggest players involved in Bitcoin will try to reach agreement on how to shape the cryptocurrency to successfully meet mainstream adoption in the future.
A major point of contention is the size of the blocks in which bitcoin transactions are batched, on average every 10 minutes by the network. This is currently limited to 1MB. Put in the simplest terms, increasing blocksize is a necessary part of the scaling up of Bitcoin to become comparable to the sort of transaction capabilities of other payment systems.
The second Scaling Bitcoin workshop hopes to move the debate closer to consensus on how best to increase Bitcoin's capacity, in particular because most of the Chinese bitcoin mining industry will be represented at the event - a factor missing from the first meet-up which happened earlier this year in Montreal.
read more : http://www.ibtimes.co.uk/even-chinas-crypto-brothers-bobby-charlie-lee-dont-entirely-agree-scaling-bitcoin-1531695
Topic: [2015-12-4] Even China's crypto-brothers don't entirely agree onscaling Bitcoin (Read 259 times)
December 04, 2015, 01:35:59 AM
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