After many months of debate, Bitcoin Classics team published their own roadmap for solution of the block size crisis. As one can expect, the members of the group demand immediate increase of the block size.
The roadmap starts with the declaration of values.
“The Bitcoin Classic team will help realize Satoshi’s vision of making Bitcoin scale into a global peer to peer cash system and not just a settlement network. We believe on-chain scaling is crucial for the long-term health of Bitcoin. On-chain scaling maximizes transaction volume, whose fees are needed to replace miner rewards in the medium to long-term scale.”
After the declaration, the Bitcoin Classics team formulates their current proposals. In the first half of the year it suggests to “Implement BIP 109: Raise block size limit from 1MB to 2MB” with software based on Bitcoin Core Implementation 0.11.2 and 0.12.0.
The plans for the second and third quarter of 2016 include “optimizations for bandwidth constrained nodes via improvements to the P2P layer.” To do this, the team comes up with five different options, including parallel validation, header-first mining, so-called “weak block” and “thin block.”
“We intend to discuss various solutions such as the ones listed below and pick the best ones,” says the proposal.
During the phase 3, Bitcoin Classics team plans to introduce “adaptive size limit” suggested by BitPay and Segregated Witness (when it will be available).
“We plan to hold an on-chain scaling conference soon, where these and future scaling solutions & concerns can be discussed among the community.”
As CoinFox reported earlier, the bitcoin community is currently divided between supporters of the Bitcoin Classic and Bitcoin Core solutions for the block size debate. While in January 2016 Bitcoin Classic and its hard fork project seemed to be the most popular improvement proposal, most recently, on 21 February, the majority of bitcoin industry leaders together with many Bitcoin Core developers agreed to implement the SegWit protocol in April 2016 and activate a yet-to-be-developed hard-fork solution by July 2017. Nevertheless, a number of other players have expressed support for the Classic proposal, such as wallet providers Xapo and Coinbase, as well as several US BTM operators.
Roman Korizky
