56 companies commit to support bitcoin protocol upgrades

This week during the Consensus conference in New York, Digital Currency Group (DGC) has put out the following notice regarding Bitcoin scaling, stating they agree to immediately support the following parallel upgrades to the Bitcoin protocol, which will be deployed simultaneously and based on the original Segwit2Mb proposal:

  • Activate Segregated Witness at an 80% threshold, signaling at bit 4
  • Activate a 2 MB hard fork within six months

The company says they are also committed to the research and development of technical mechanisms to improve signaling in the Bitcoin community, as well as to put in place communication tools, in order to more closely coordinate with ecosystem participants in the design, integration, and deployment of safe solutions that increase Bitcoin capacity.

The group of signed companies represents a critical mass of the Bitcoin ecosystem. As of May 23rd, this group represents:

  • 56 companies located in 21 countries
  • 83.28% of hashing power
  • 5.1 billion USD monthly on chain transaction volume
  • 20.5 million bitcoin wallets

Separately, as of today, May 23rd, the following companies have committed to provide technical and engineering support to test and support the upgrade software, as well as to assist companies with preparing for the upgrades:

Supporters as of May 23:

  • 1Hash (China)
  • Abra (United States)
  • ANX (China)
  • /Chandler Guo (China)
  • BitClub Network (Hong Kong)
  • (St. Kitts & Nevis) BitGo (United States)
  • Bitex (Argentina)
  • bitFlyer (Japan)
  • Bitfury (United States)
  • Bitmain (China)
  • BitPay (United States)
  • BitPesa (Kenya)
  • BitOasis (United Arab Emirates)
  • Bitso (Mexico)
  • Bitwala (Germany)
  • (China)
  • Blockchain (UK)
  • Bloq (United States)
  • (China)
  • BTCC (China)
  • BTC.TOP (China)
  • (China)
  • Circle (United States)
  • Civic (United States)
  • Coinbase (United States)
  • (Phillipines)
  • CryptoFacilities (UK)
  • Decentral (Canada)
  • Digital Currency Group (United States)
  • F2Pool (China)
  • Filament (United States)
  • Gavin Andresen (United States)
  • Genesis Global Trading (United States)
  • Genesis Mining (Hong Kong)
  • Grayscale Investments (United States)
  • Guy Corem (Israel)
  • Jaxx (Canada)
  • Korbit (South Korea)
  • Luno (Singapore)
  • MONI (Finland)
  • Netki (United States)
  • OB1 (United States)
  • Purse (United States)
  • Ripio (Argentina)
  • Safello (Sweden)
  • SFOX (United States)
  • ShapeShift (Switzerland)
  • surBTC (Chile)
  • Unocoin (India)
  • Vaultoro (Germany)
  • Veem (United States)
  • ViaBTC (China)
  • Wayniloans (Argentina)
  • Xapo (United States)
  • Yours (United States)

DCG said to those interested in dedicating technical and engineering support, let them know to be included in the list.


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