Xapo officially ends Bitcoin partnership with Blockstream, turns to Ethereum?

There are always some interesting things happening in the Bitcoin circle, such as Xapo's official announcement of the end of cooperation with Blockstream. Although the two companies were close friends in their views on Bitcoin in the past, time has passed and now the two companies have disagreed on the future of Bitcoin and parted ways. Will this be the beginning of the breakdown of the partnership between Blockstream and other major Bitcoin companies?

Xapo is aware of Blockstream’s block size restrictions

Although many members of the Bitcoin community have been confused about the blockchain size limit for a long time, some well-known Bitcoin companies now seem to have noticed Blockstream’s true intentions. A closer look at the recent Twitter conversation of Xapo President Ted Rogers will make it clear.

The Bitcoin block size debate has been going on for quite some time and it is unclear when it will end. Ted Rogers mentioned how Bitcoin Core has set a cap on the block size and refused to increase it, while Bitcoin Core has also centralized the development of Bitcoin to one company, Blockstream.

Although the discussion about the bitcoin block size has been going on for months, supporters of the Bitcoin Core wallet, Blockstream, and the Bitcoin Classic software solution have been unable to reach an agreement. The Bitcoin Classic solution is an alternative solution that can resolve the debate and has the support of more and more community members and mining pools.

Xapo and other companies have noticed that Blockstream and Bitcoin Core developers are trying to slow down the block size increase. Because, although Xapo itself is not involved in the development of Bitcoin, it is not difficult to see who made this decision. After all, Xapo's transaction processing relies on Bitcoin and the blockchain, and the development of Bitcoin is crucial to Xapo.

In addition, Ted Rogers also made it clear that Xapo and Blockstream have a current relationship. Although Xapo still wants to support Blockstream and its team, they do not meet the current development needs. In addition, Xapo will not accept the solution of using Bitcoin sidechain, while Blockstream believes that the sidechain solution is a desirable solution to resolve the block size dispute.

Although Xapo and Blockstream have parted ways in Bitcoin development, Ted Rogers still made an interesting reference to Bitcoin’s block size solution. Rogers called Bitcoin “sluggish”, and he was not wrong. He also mentioned Ethereum, calling it a “nimble disruptor” and believed that the topic of Ethereum will cause another debate in the digital currency community.

Currently, Xapo has paid a lot of attention to Ethereum, which they believe will definitely disrupt Bitcoin. However, although Xapo is interested in Ethereum, there is no indication that Xapo is working with Ethereum or intends to work with Ethereum.

Original article: http://bitcoinist.net/xapo-president-ted-rogers-blasts-blockstream-and-mentions-ethereum/
Author: Jp Buntinx
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/xapo-end-relationship-with-blockstream)