Bitcoin's 'Segwit2x' Scaling Proposal: Miners Offer Optimistic Outlook

 "The number means something. Hash power means something." As explained by Xiangfu Liu, co-founder of bitcoin mining  chip maker Canaan, there are few things more sacred in bitcoin than the  idea that the strength of a blockchain is the computing power dedicated  to securing its ledger. But while bitcoin's miners remain united in  this daily pursuit, their opinions on a new scaling proposal seem decidedly mixed. Known as 'Segwit2x', the proposal, spearheaded by bitcoin investment  conglomerate Digital Currency Group, aims to move forward with two  changes to the bitcoin network: an optimization called Segregated Witness (SegWit) and an increase to the hardcoded parameter limiting the size of its transaction blocks. Notable about the effort is its claim it draws support from more than  80% of bitcoin's computing power. Mining industry participants  including Bitcoin.com, Bitfury,  Bitmain, BTCC, F2Pool and ViaBTC all signed an agreement supporting the  solution, alongside roughly 50 industry startups. 

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