Published on May 25th, 2017 | by bitcoin0
Bitcoin Price Reaches New Height at $2472 as Scaling Consensus Reached
A consensus on how to increase the blockchain network capacity has finally been reached, pushing the price of the digital currency to a new record high.
So far, the bitcoin community has been unable to come to a common decision on how to solve the scaling issue of the bitcoin network.
The scaling debates may soon come to an end as a number of major bitcoin industry players have reached an agreement at the Consensus conference in New York.
The scaling agreement was reached right on time as the bitcoin network was recently halted, with more than 214,000 bitcoin transactions being stuck.
The announcement from Barry Silbert urged investors to acquire bitcoin, which reached a new record high today.