Published On: Wed, May 24th, 2017

DCG’s Bitcoin Scaling Proposal and What it Needs to Succeed

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Spearheaded by Barry Silbert’s Digital Currency Group (DCG), over 50 companies signed and published on Medium a “Bitcoin Scaling Agreement” this week. The agreement intends to put an end to Bitcoin’s long-lasting scaling debate. But whether it actually will is a different question.Here’s what the agreement entails, how it compares to existing scaling proposals and what it requires to succeed …What the Agreement EntailsThe DCG agreement is based on the “SegWit2MB” proposal, originally floated by RSK Founder and Chief Scientist Sergio Demian Lerner. This proposal couples activation of …

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