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Bitcoin Backers Propose Solution to Split That Threatened Disruption

One bitcoin to rule them all—or none? The virtual currency is at a crossroads
relates to Bitcoin Backers Propose Solution to Split That Threatened Disruption
Photo; Bloomberg, Iluustration: Tom Hall/Bloomberg Business

Support is building for changing part of bitcoin's design, after two high-profile developers introduced an alternate version of the virtual currency aimed at speeding up transactions and future-proofing the digital money.

Some of bitcoin's biggest backers, including BitPay, Blockchain.info, Circle and KnCMiner.com, wrote a letter this week in support of the existing version of bitcoin—but only if it adopts some of the central ideas proposed by the renegade developers, Gavin Andresen and Mike Hearn.