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Digital currency may be in the midst of an evolution after the recent proposal to "fork" the currency into a new version. As the larger players in the space grow even stronger, its understandable they are backing the existing bitcoin version, with the caveat of obtaining faster transaction capabilities. If the community decides to implement these changes, bitcoin's transaction strength could be at par with Visa's.
"If this proposal is implemented by a big enough majority of bitcoin infrastructure providers, bitcoin will have taken a big step towards scaling up for the large transaction flow it is trying to support," says Gil Luria, an analyst at Wedbush Securities. For now, signs are pointing toward a resolution that will keep bitcoin intact. Andresen and Hearn reacted positively to the letter, saying that it addresses the main issue they raised.
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