Leading Cryptocurrency Companies Agree to Support Bitcoin Segwit2Mb

May 24, 2017 at 10:38 // News
Author
Nina Lyon
The Digital Currency Group published an official confirmation of the agreement on the Bitcoin network scaling question.

A group of companies that represents a critical mass of the bitcoin ecosystem has agreed to support upgrades to the bitcoin protocol.

On Tuesday, the Digital Currency Group published an official confirmation of the agreement on the Bitcoin network scaling question. According to the  announcement, they will immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original  Segwit2Mb proposal

  • Activate Segregated Witness at an 80% threshold, signaling at bit 4 

  • Activate a 2 MB hard fork within six months 

The announcement also states that, to date, the group of signed companies represents a critical mass of the bitcoin ecosystem, representing 56 companies, 83.28% of hashing power, 5.1 billion USD monthly in on-chain transaction volume and 20.5 million bitcoin wallets. Cryptocurrency companies Abra, BitClub Network, Bitcoin.com, BitFury, Bitmain, BitPay, Blockchain, Bloq, Circle, RSK Labs and Xapo have committed to provide support for the upgrades. 

Moreover, the companies supporters include 1Hash, ANX, Bitangel.com /Chandler Guo, Bitex, bitFlyer, BitPesa, BitOasis, Bitso, Bitwala, Bixin.com, btc.com, BTCC, BTC.TOP, BTER.com, Civic, Coinbase, Coins.ph, CryptoFacilities, Decentral, Digital Currency Group, F2Pool, Filament, Gavin Andresen, Genesis Global Trading, Genesis Mining, GoCoin, Grayscale Investments, Guy Corem, Jaxx, Korbit, Luno, MONI, Netki, OB1, Purse, Ripio, Safello, SFOX, ShapeShift, surBTC, Unocoin, Vaultoro, Veem, ViaBTC, Wayniloans, and Yours.