Newly Launched Bitcoin Optech Initiative Aims to Address BTC Scalability Issue

Cointelegraph

Published Jul 20, 2018 02:57PM ET

Newly Launched Bitcoin Optech Initiative Aims to Address BTC Scalability Issue

A team of Bitcoin (BTC) engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20.

Bitcoin Optech is a non-profit organization backed by leading industry players like PayPal Board Member Wences Casares, executive of Kohlberg Kravis Roberts & Co. Ltd John Pfeffer, and cryptocurrency research and development group Chaincode Labs.

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