Fifty-six companies have announced an agreement that seeks to resolve bitcoin’s underlying scaling issue.

The agreement, published in a Medium post tilted “Bitcoin Scaling Agreement at Consensus 2017,” outlined a plan to deploy Bitcoin Core’s Segregated Witness (SegWit) proposal and a 2MB hard fork within six months.

The proposal has the support of miners representing 83.28 percent of bitcoin’s hashing power, 20.5 million wallets and $5.1 billion of monthly transaction volume on the bitcoin network, according to the Barry Silbert-led Digital Currency Group (DCG).

First, the agreement lowered the barrier of SegWit’s activation from the original threshold of 95 percent to 80 percent of the network’s mining power. Second, it stated that the businesses would agree to activate bitcoin’s block size upgrade to 2MB within six months via a process known as a hard fork.