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Home BREAKING NEWS Bitcoin Mining Titan BitFury: No to BIP 101, Yes to Block-size Consensus

Bitcoin Mining Titan BitFury: No to BIP 101, Yes to Block-size Consensus

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In expectation of the Scaling Bitcoin Hong Kong workshop on a 6th and 7th of this month, BitFury has re-established a faith that a stream 1 megabyte block-size extent contingency be altered usually if concluded on by consensus.

The largest mining pool outward of China, determining some 15 percent of hashing energy on a Bitcoin network, maintains that it won’t change a formula to concede for bigger blocks by a resolution that’s not broadly supposed by a Bitcoin village – such as BIP (Bitcoin Improvement Proposal) 101.

“We will not use a resolution if it is not formed on a accord among a Bitcoin community, as we cruise a thought of accord is executive to a Bitcoin protocol,”

BitFury CEO Valery Vavilov told Bitcoin Magazine. “As Bitcoin Core developers note , Bitcoin is not usually software, though also a blockchain protocol. Therefore, we cruise that a Bitcoin custom should be grown like other Internet protocols – by a accord routine involving all parties. This routine might be lengthy, though it is improved than creation decisions that don’t cruise all points of view.”

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