Xapo joins in with industry leaders to support BIP101

August 24, 2015

Our community stands at a crossroads. The debate about which path to take has, by and large, been a healthy one, and we have not interposed our own positions or interfered in the discourse. Until today, our involvement has consisted of listening, researching and testing. We believe that work is complete, and it is time to communicate our view in a clear and transparent manner.

After lengthy conversations with core developers, miners, our own technical teams, and other industry participants, we believe it is imperative that we plan for success by raising the maximum block size.

We support the implementation of BIP101. We have found Gavin’s arguments on both the need for larger blocks and the feasibility of their implementation – while safeguarding Bitcoin’s decentralization – to be convincing. BIP101 and 8MB blocks are already supported by a majority of the miners and we feel it is time for the industry to unite behind this proposal.

Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.

As our community grows, it is essential – now more than ever that we seek strong consensus to ensure network reliability.

Together we are:

Signs

Xapo Press

By

@xapo

Article published on August 24, 2015

MORE NEWS

Xapo regulatory status in Switzerland

Three years ago, Xapo set out to determine the optimal jurisdiction from which to serve non-U.S. customers.  Our research ultimately identified Switzerland as the ideal jurisdiction, as explained in a May 2015 blog post. We are happy to announce that, after almost two years of substantial effort and investment, Xapo has received conditional approval from…

By Wences Casares

What would happen if Xapo got hacked

In light of the Bitfinex hack, we have been asked multiple times, “What happens if Xapo gets hacked?” This is the answer. TL;DR: If Xapo’s hot wallet were hacked, Xapo would cover the loss from its own reserve of bitcoins. Less than 3% of bitcoins are kept in our hot wallet, so our bitcoin reserve would…

By Wences Casares

Announcing Xapo's Advisory Board

Today Xapo is proud to announce the formation of its advisory board with three visionary leaders, Dee Hock, John Reed and Lawrence H. Summers. Dee Hock is the founder of Visa, and is responsible for effectively creating payment systems as we know them today. “Bitcoin represents not only the future of payments but also the…

By Wences Casares