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November 8, 2017 08:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/TCDbdZ6qxks/2x-called-off-bitcoin-hard-fork-suspended-for-lack-of-consensus
2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus
Alyssa Hertig, writing for CoinDesk: The organizers of a controversial bitcoin scaling proposal are suspending an attempt to increase the block size by way of a software upgrade. Known for its strong early support from bitcoin startups and mining pools, the plan, called Segwit2x, or simply 2x, was to trigger a block size increase at block 494784, expected to occur on or around November 16th. The suspension was announced today in an email, written by Mike Belshe, CEO and co-founder of bitcoin wallet software provider BitGo. One of the leaders of the Segwit2x project, he argued that the scaling proposal is too controversial to move forward. He wrote: "Unfortunately, it is clear that we have not built sufficient consensus fora clean block size upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin's growth. This was never the goal of Segwit2x."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/TCDbdZ6qxks/2x-called-off-bitcoin-hard-fork-suspended-for-lack-of-consensus
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