At an industry roundtable in Hong Kong on February 21, representatives of the Bitcoin mining industry and a group of Bitcoin Core developers met to discuss a solution to the Bitcoin block size scaling issue. After meeting for more than 18 hours, they released a statement with agreement on several points about the debate.
Among the group releasing the statement were the founding team of AntPool, A-XBT, BitFury, Bitmain, BTCC, F2Pool, Genesis Mining and GHash.io. These mining executives represent more than 80 percent of total blocks mined in recent months, according to Blockchain.info. Bitcoin Core developers also joining in the group statement were Cory Fields, Johnson Lau, Luke Dashjr, Matt Corallo and Peter Todd.
The group announced that Segregated Witness (SegWit), a proposed change in Bitcoin’s code that changes the way that data from Bitcoin transaction signatures are stored, will continue to be developed and released in the next two months. SegWit has received a positive reaction from members of the Bitcoin community after being presented by Dr. Pieter Wuille, Bitcoin Core developer and one of the founders of Blockstream, at the Scaling Bitcoin conference in Hong Kong three months ago.
In addition, the statement said that “[Core developers] will continue to work with the