Bitcoin is Scaling - SegWit Upgrade & 2MB Blocksize Increase

A total of 56 companies that represent 83.28% of bitcoin’s hashing power have reached a consensus to deploy the Segwit2Mb protocol upgrade for bitcoin.

An announcement by the Digital Currency Group today reads:

“We 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

We 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.”

You can read the announcement here - https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77