Amidst raging debate between two competing proposals on how to extend Bitcoin to process more transactions per second, Cornell researchers Ittay Eyal, Adem Efe Gencer, Emin Gun Sirer, and Robbert van Renesse unveiled their proposal called Bitcoin-NG, Bitcoin Next Generation. Surprisingly, and in contrast with the current proposals, Bitcoin-NG improves both throughput and latency at the same time. CoinDesk described this announcement as "Perhaps the most newsworthy event of the day".