Bitpay CEO on Safe Bitcoin Scaling: Soft Fork First, Hard Fork Next

Over the past few months, Bitpay co-founder and CEO Stephen Pair has been advocating for a safe and non-contentious method to scale the Bitcoin network. In an informative blog post, Pair revealed his perception of a cautious approach to bitcoin scaling.

Basically, Pair believes that a soft fork-based scalability solution is the most beneficial for the network and community. It eliminates the possibility of a hard fork, which will inevitably lead to a chain split at this phase of bitcoin development. While some hard forks such as the Ethereum forks executed in late 2016 allowed the network to facilitate changes in a safe manner, with the current tension between Segregated Witness (Segwit) and Bitcoin Unlimited communities, a split chain is inevitable if a hard fork breaks out.

He wrote:

“One very important challenge we must resolve is how to successfully upgrade Bitcoin in a safe, deliberate and non-contentious manner. And we must be able to upgrade Bitcoin because no organism can live in its own waste products.”`

For Pair, the optimal scaling method is to start with the activation of a soft fork to enforce new rules into the network. Then, the developers can initiate another soft fork to deprecate the use of the old block and lastly, execute a non-contentious hard fork to drop the old block and adopt the secondary block as the primary block structure.

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