Bitcoin hard fork within 6 months. Hold on for a ride.
Bitcoin Agreement Between 58 Companies Means Hard Fork Within Six months
The Bitcoin scaling problem was focused on and an attempt to move forward, toward the fix via the original Segregated Witness proposal.
The deal, brokered by Digital Currency Group's (DCG) Barry Silbert, was posted via DCG's Medium blog, which read:
“We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original Segwit2Mb proposal:
- Activate Segregated Witness at an 80 percent threshold, signaling at bit 4
- Activate a 2 MB hard fork within six months
- We are also committed to the research and development of technical mechanisms to improve signaling in the bitcoin community, as well as to put in place communication tools, in order to more closely coordinate with ecosystem participants in the design, integration, and deployment of safe solutions that increase bitcoin capacity
