Published on July 19th, 2015 | by bitcoin0
Core Developer Jeff Garzik Proposes Larger Block Size Limit to Buy Time
Bitcoin Core developer Jeff Garzik has submitted a proposal to raise the block size limit from 1MB to 2MB.
As the debate on a possible raise of the block size limit has been raging for months – years even – without consensus on a durable solution within sight, Garzik has proposed to adapt a temporary solution.
This new Bitcoin Improvement Proposal (BIP), named BIP 102, holds that the Bitcoin block size limit be doubled on November 11 of this year.
Garzik does emphasize, however, that he still hopes his own BIP 100 will eventually be adopted.
BIP 100 proposes to install a dynamic block size limit, the size of which would determined by the mining community.