BTCChina Support Gives BIP 100 Bitcoin

BTCChina has backed Jeff Garzik's block size scaling solution, giving BIP 100 a majority of the network's hashing power. With the addition of the Chinese bitcoin firm today, the proposal now has support from the top three 'blockmakers' – who account for over 50% of the network's hashrate. Speaking to CoinDesk, BTCChina CEO Bobby Lee said the company's structure gave it the ability that few others have: "We are in the unique position of seeing this from several sides, a mining pool, a wallet service, and an exchange. So we must come forward with a sound perspective, and not just vote quickly for the sake of asking the industry to move on." Up until today, the firm – alongside China’s other pools – had been backing the 8MB proposal