Roger Ver Is Still Determined to Increase the Bitcoin Block Size Limit via a Hard Fork

By September 22, 2016Bitcoin Business

Two attempts to increase Bitcoin’s block size limit via hard forks — Bitcoin XT and Bitcoin Classic — have failed to gain much support in terms of network hashrate , but early bitcoin advocate and angel investor Roger Ver is not giving up on the cause. Ver is currently testing a new mining pool at , and he’s put together a new development team to work on an alternative to Bitcoin Core , the reference implementation of the Bitcoin protocol. Bitcoin Magazine recently reached out to Ver to get more details on his plan to increase the block size limit by way of a hard fork. A Work-in-Progress According to Ver, his plan for hard forking Bitcoin is still a work-in-progress. “I still have lots more research and thinking to do,” he told Bitcoin Magazine . “The first step is to actually have our pool up and running. I think you will see our first block mined on the network this coming week.” The mining pool mined its first block a few days after Bitcoin Magazine reached out to Ver. The current mining pool software is running Bitcoin Unlimited , but Ver says a specific plan for increasing the Bitcoin block size has not been chosen at this time. With Bitcoin Unlimited, nodes are able to choose the maximum size of the blocks they create and accept as valid. According to one mining pool developer , the pool will mine 1 megabyte blocks and accept blocks as large as 16 megabytes for now. When asked about an activation threshold for a hard fork, Ver seemed to distance himself from the idea of increasing the block size limit without a large amount of support signaled by miners on the network. “Ultimately the threshold is always 51 percent, […]

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