Segwit Now, Bigger Blocks Later, Says Bitcoin Pool F2Pool

In a complete u-turn, F2Pool has now announced they are in favor of segregated witnesses (segwit), a protocol upgrade that gradually increases capacity to around 1.7MB for every 10 minutes, as well as fixes some aspects of transaction malleability, allowing for the Lighning Network and sidechains.

According to a translation by cnLedger, F2Pool publicly stated today on their website:

“Users are complaining about the long waiting times. Although various plans were proposed by devs, the debate has taken way too long time. F2Pool always favors Segwit + Big Blocks. Segwit can solve some technical problems and can bring some benefits. Big blocks are also beneficial to the bitcoin network in the long run. However, the reality is that we have not achieved Segwit + Big blocks up to now. We see the strong demand of scaling, and many foreign users are supporting Segwit. Therefore, it’s time we move on and activate Segwit first. Then we’ll leave the big blocks for future discussions.”

The announcement was made just days after Wang Chun, F2Pool’s co-founder, publicly Read more ... source: CryptoCoinsNews

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