Mining pool F2Pool to support SegWit on Bitcoin

posted 6 months ago
F2Pool, the world’s third largest mining pool, released an announcement Tuesday signaling SegWit for Bitcoin.

The announcement reads:

"Bitcoin has come a very long way ever since its inception in 2009. The price of per bitcoin has reached over$1200 and for the first time ever, the price of one bitcoin has surpassed the price of one ounce of gold. Now banks worldwide are joining the race to study bitcoin and its backbone technology blockchain, preparing themselves for an ongoing revolution.

In such contexts, the bitcoin community has been debating scaling solutions for years. Sadly, the debate is developing into an all-out war of words as different parties attack one another on the Internet.

Most people don’t realize that the debate is about what is best for bitcoin instead of choosing one specific scaling solution, SegWit or BU. At F2Pool, we are in favor of SegWit plus large blocksize, which is beneficial to the bitcoin ecosystem in the long run. We are yet able to reach this goal under the current situation. However, we must act now because the worst thing you can do is nothing.

The decision to support SegWit may be abrupt, but it is for the best interests of our miners and the community. As for large blocksize, let the market decide. We are firmly convinced that as Bitcoin keeps evolving, it will continue to surprise the world with its enormous potentials.

April 18, 2017"
Tags: news, bitcoin