After a meeting in Hong Kong’s Cyberport on 21 February, representatives of the bitcoin industry and development community agreed to implement the SegWit in April and activate a hard-fork solution by July 2017.According to the press release published by Medium, the participants of the meeting, representing almost 80% of the network’s hash power, as well as a number of largest exchanges and bitcoin core developers, came to the following conclusions: “We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit.The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB, and will only be adopted with broad support across the entire Bitcoin community.

We will run a SegWit release in production by the time such a hard-fork is released in a version of Bitcoin Core.We will only run Bitcoin Core-compatible consensus systems, eventually containing both SegWit and the hard-fork, in production, for the foreseeable future.ethereum slotsWe are committed to scaling technologies which use block space more efficiently, such as Schnorr multisig.” As the document states, if proved successful, the soft fork will be followed by a hard-fork solution to be developed and activated within 15 months after the first upgrade: “If there is strong community support, the hard-fork activation will likely happen around July 2017.” The document is signed by the leading members of the industry, including AntPool, XBT, BitFury, BitX, BTCC, Coinfloor, F2Pool, Genesis, Huobi, Ledger, OkCoin and others.free bitcoin sms alert

Meanwhile critics are already voicing their discontent with what they see as serious flaws in the new proposal.Thus, Brian Armstrong, co-founder and CEO of Coinbase exchange, who recently backed Bitcoin Classic hard fork, is concerned about the fact that in three months the agreement proposes “less than doubling” of the block capacity by means of SegWit.rich bitcoin walletThe next capacity increase is expected no earlier than in a year and a half from now, which seems way too late taking into account the actual growth rate of bitcoin transactions.bitcoin wallet generatorMoreover, according to Armstrong, in its current form the agreement “reinforces the idea that bitcoin protocol development should be done by a single group,” instead of a decentralised multi-party system where developers compete to improve the protocol while the industry chooses best solutions by voting.bitcoin tracking fund

With driverless cars moving closer to reality, car makers and designers are imagining a future where car interiors look more like a high-tech living room.bitcoin new hampshireAfter covering Singapore, Malaysia, Thailand, Vietnam, South Korea, Philippines and most recently Cambodia in our series of articles on how to buy bitcoin in Asia, we will now look at several options to purchase bitcoin in Hong Kong.bitcoin forecast may 2014Hong Kong, the former British trading outpost is one of the major financial hubs in Asia so buying bitcoin is relatively easy in this country.bitcoin yahoo message boardHere are several possible options to obtain bitcoin in Hong Kong.bitcoin fire thailand

Bitspark is a cryptocurrency startup incubated by the Hong Kong Cyberport Management Company backed by the Hong Kong government.Founded in April 2014, they are focused on transparency and trust that is proven through their open codebase, cryptographically verifiable audits and backing of one of Asia’s largest tech incubators.George Harrap, CEO of Bitspark says that they really want to convey the message that Bitspark is more than just an exchange - they are transparent and offer more cryptocurrencies than their competition.The company has a vision of being the largest, most well featured and most user friendly cryptocurrency platform in the world.ANX, or formerly known as Asia Nexgen was established in July 2013 and is legally registered and based in Hong Kong.ANX is now one of the most used Bitcoin exchange platforms and one of the top 6 largest Bitcoin exchanges in the world by volume.ANXBTC prides on the fact that they are an easy, secure and affordable platform to purchase and sell bitcoin.

The company also has an innovative track record, having introduced the world’s first physical Bitcoin retail store, the world’s 3rd Bitcoin ATM machine, a multi-currency online Bitcoin exchange platform, mobile apps as well as launched the world’s first Bitcoin debit card.The ANX Bitcoin debit card works just like a credit card and makes it very simple to spend bitcoin at any credit card accepting merchant.The debit card can also be used to withdraw cash worldwide.HK Bitcoin ATM’s name is self-explanatory – you can buy bitcoin from a Bitcoin ATM machine.No registration is required to use the ATM.All you need is a smartphone to create your bitcoin wallet and some cash to buy from the Bitcoin ATM.This simple transaction can be done in a matter of seconds.HK Bitcoin ATM was founded in 2013 and has been offering a complete Bitcoin experience ever since.The ATM is located at President Commercial Centre on Nathan Road, Mongkok.There is also a Bitcoin Store that is fully automated with robots and automated security systems.