AUG 25 DIGEST: 8 Leading Bitcoin Companies Pledge Support for BIP101; Bitcoin Exchange Rate Falls Below $200

BitPay,, Circle, KnCMiner, Bitnet, Xapo, BitGo and itBit have agreed to implement Gavin Andresen’s BIP 101; F2Pool instead backs BIP100; the bitcoin exchange rate fell below US$200 and more top stories for August 25.

8 Leading Bitcoin Companies Pledge Support for BIP101

BitPay,, Circle, KnCMiner, Bitnet, Xapo and BitGo have agreed to implement Gavin Andresen’s BIP 101, and to expand the current block size to 8 megabytes – doubling every two years. A statement of their support was signed by Stephen Pair, Peter Smith, Jeremy Allaire, Sean Neville, Sam Cole, John McDonnell, Wences Casares and Mike Belshe. ItBit later signed the letter as well.

They wrote:

“We support the implementation of BIP101 […] We have found Gavin’s arguments on both the need for larger blocks and the feasibility of their implementation – while safeguarding Bitcoin’s decentralization – to be convincing. BIP101 and 8MB blocks are already supported by a majority of the miners and we feel it is time for the industry to unite behind this proposal.”

F2Pool Rejects Bitcoin XT, Backs BIP100 Instead

F2Pool, the biggest mining pool on the Bitcoin network with control over some 19% of all hashing power, maintains not to make a switch to Bitcoin

Read more ... source: Cointelegraph