Bitcoin Wallet Software Providers Express Support for Block Size Increase

When CoinTelegraph asked the Bitcoin Wallet software providers listed on, they showed broad support for increasing the Bitcoin block size limit from 1 to 20 MB.

The teams behind Bitcoin Wallet, Bread Wallet, Coinomi, mSIGNA, Electrum, MultiBit and Armory all indicated they support Gavin Andresen’s proposal to increase the block size, which would allow for a greater number of transactions to be handled by the Bitcoin network. GreenAddress was the only opponent, as covered on Monday regarding web-wallet providers’ stance on the block size issue.

Most of the software providers acknowledged that raising the block-size limit would come with a trade-off, as the increased hardware and bandwidth requirements could result in a loss in full nodes. None of them believed 20 MB would lead to a problematic level of centralization.

Some developers, however, shared a concern with critics of the increased limit that there will be a need for some scarcity in Bitcoin blocks in the long run, in order for a fee market to emerge. Bitcoin miners need to earn enough income

Read more ... source: Cointelegraph