Gavin Andresen Proposes Bitcoin Hard Fork to Address Network Scalability

By October 8, 2014Bitcoin Business

Bitcoin Foundation chief scientist Gavin Andresen has proposed increasing the number of transactions allowed on the bitcoin network by raising the maximum block size 50% per year.

Doing so would require a hard fork and “some risk”, Andresen conceded in a new Bitcoin Foundation blog post , but he concluded that such proposals are necessary for the long-term viability of bitcoin as a global payments system.

Entitled “A Scalability Roadmap”, the piece builds on Andresen’s past statements regarding how he believes […]

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