Bitcoin Miners Back Proposed Timeline for 2017 Hard Fork

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A organisation of bitcoin miners forming tighten to 80% of a network hashrate, as good member from exchanges, use providers and contributors to a Bitcoin Core growth project, have proposed a growth timeline for scaling a bitcoin network.

The statement’s release comes after a some-more than 18 hour-long meeting in Hong Kong that drew participants from China’s bitcoin mining community and members of a Bitcoin Core team.

Some of a letter’s signatories were celebration to a prior statement that uttered antithesis to any “contentious tough fork” to a bitcoin network.

According a due timeline, Bitcoin Core contributors Matt Corallo, Luke Dashjr, Cory Fields, Johnson Lau and Peter Todd will furnish and recommend code for a tough flare to a bitcoin network that would underline a block distance increase. The formula for this offer is approaching to be done accessible by July.

This offer would be presented 3 months after a recover of Segregated Witness, a due change to bitcoin’s formula that alters a approach in that bitcoin transaction signature information is stored.

Representatives for miners AntPool, A-XBT, BitFury, Bitmain, BTCC, BW, F2Pool, GHash.io and Genesis Mining have concluded to support Segregated Witness, approaching to be expelled in April. According to data from Blockchain.info, the incomparable miners


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