Consensus 2017: BitPay CEO Calls Bitcoin Fork 'Only Option' For Businesses

BitPay's chief executive made the case for a fork at the bitcoin scaling discussion panel at CoinDesk's Consensus 2017 conference today.

Centered on a two-year debate focusing on the size of transaction blocks on the bitcoin network, global discussion on the issue has so far passed through a few phases with varying proposals to increase the throughput of the system being put forward along the way.

Most recently, investment firm Digital Currency Group advanced a proposal that would see the Segregated Witness upgrade activate and start a countdown to a 2MB block size increase – though, a similar idea has been proposed and rejected by developers before.

As this debate has been raging for a couple of years now, members of the scaling panel were quick to note their frustration.

http://www.coindesk.com/consensus-2017-bitpay-ceo-bitcoin-fork/