{"id":1439,"date":"2016-02-21T12:36:42","date_gmt":"2016-02-21T09:36:42","guid":{"rendered":"https:\/\/forklog.media\/?p=1439"},"modified":"2016-02-24T22:31:11","modified_gmt":"2016-02-24T19:31:11","slug":"the-bitcoin-roundtable-proposes-hard-fork-timeline","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/the-bitcoin-roundtable-proposes-hard-fork-timeline\/","title":{"rendered":"The Bitcoin Roundtable Proposes Hard-Fork Timeline"},"content":{"rendered":"<p>Following an 18 hour-long meeting in Hong Kong, a group of miners representing nearly 80% of the network&#8217;s hash power, alongside with representatives of several prominent exchanges, issued a timeline for introducing a hard-fork solution.<!--more--><\/p>\n<p>This is the second roundtable this month. The previous one <a href=\"http:\/\/forklog.media\/mining-pools-force-consensus-on-bitcoin-scaling\/\" target=\"_blank\">resulted in a statement<\/a> that the participators would not support any &#8220;contentious hard-fork&#8221;.<\/p>\n<p>According to the summarizing statement <a href=\"https:\/\/medium.com\/@bitcoinroundtable\/bitcoin-roundtable-consensus-266d475a61ff#.xeyc5lpp0\" target=\"_blank\">available on Medium.com<\/a>, the group intends to use both soft-fork solution SegWit, expected to be released this April, and a hard-fork solution yet to be developed. Meanwhile, the group intends to collaborate with the developers in order to propose &#8220;a safe hard-fork&#8221; based on Segregated Witness improvements. Total size of resulting blocks is expected to be in excess of 4 MB, inclusive of nearly 2 MB of non-SegWit data added. However, this, according to the release, is applicable only in case there is &#8220;broad support across the entire Bitcoin community&#8221;.<\/p>\n<p>In addition, the roundtable participants intend to run exclusively Core-compatible systems for consensus, which makes both SegWit and the hard-fork applicable. The group said they prefer scaling solutions using block space &#8220;more efficiently&#8221;, as exemplified by Schnorr multisig.<\/p>\n<p>The proposed timeline suggests SegWit to have its primary release in April 2016; the hard-fork code to be written and become available as early as July 2016; and activation of the hard-fork solution to be scheduled around July 2017, provided &#8220;there is strong community support&#8221;.<\/p>\n<p>The signees to the statement include, among others, top representatives for <strong>AntPool, Bitcoin Core, Bitfinex, BitFury, Bitmain, BIT-X, BTCC, F2Pool, Genesis Mining, HaoBTC, Huobi, <\/strong>and<strong> OK Coin.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following an 18 hour-long meeting in Hong Kong, a group of miners representing nearly 80% of the network&#8217;s hash power, alongside with representatives of several prominent exchanges, issued a timeline for introducing a hard-fork solution.<\/p>\n","protected":false},"author":1,"featured_media":597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[191,275,145],"class_list":["post-1439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-classic","tag-consensus","tag-segwit"],"aioseo_notices":[],"amp_enabled":true,"views":"90","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/1439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=1439"}],"version-history":[{"count":3,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/1439\/revisions"}],"predecessor-version":[{"id":1442,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/1439\/revisions\/1442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/597"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=1439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=1439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=1439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}