Bitcoin miners are signalling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency’s long-running scaling issue.

Several of the largest bitcoin miners (who create new bitcoins and support the blockchain), including AntPool, BitClub, Bixin, BTC.com and BitFury, have started showing their support for bitcoin improvement proposal (BIP) 91, by adding a piece of code to each new block of bitcoins they generate.

The miners were not expected to start coding their support for BIP 91 until July 21. Already, 66 percent of the last 144 blocks created signal support for it. The proposal needs 80 percent support to be “locked in” to the blockchain permanently. This will bring relief as it prevents the blockchain splitting into two separate chains, which would effectively create two different coins.

Bitcoin soars as miners finally move to solve the digital currency’s scaling problem Bitcoin soars as miners finally move to solve the digital currency’s scaling problem
3 Hours Ago | 00:45
Bitcoin miners are signalling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency’s long-running scaling issue.

Several of the largest bitcoin miners (who create new bitcoins and support the blockchain), including AntPool, BitClub, Bixin, BTC.com and BitFury, have started showing their support for bitcoin improvement proposal (BIP) 91, by adding a piece of code to each new block of bitcoins they generate.

The miners were not expected to start coding their support for BIP 91 until July 21. Already, 66 percent of the last 144 blocks created signal support for it. The proposal needs 80 percent support to be “locked in” to the blockchain permanently. This will bring relief as it prevents the blockchain splitting into two separate chains, which would effectively create two different coins.

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Tuesday, 13 Jun 2017 | 5:31 PM ET | 04:02
“Barring any unexpected twists in the bitcoin scaling drama, a contentious fork will be avoided in the coming days,” Garrick Hileman, economic historian at the London School of Economics, told CNBC via email.

“The prospect of a contentious August fork has been hanging over bitcoin’s price like a sword of Damocles, and so the 20 percent plus price pop we’ve seen in the last 24 hours is not surprising.”

Bitcoin has recovered from a roughly 8-week low of $1,863 on Sunday to around $2329 today, according to Coindesk data.