Except incomplete obstacles, scaling proposal is called Sigragred witness (SegWit), expected on the Bitcoin network lock-in today.
Should sufficient support for mining signals continue, SegwayTV is proposed to meet the requirements at the required rate after this sale (after 479,708 blocks) requirements. And when it can theoretically possible change their minds, it is unlikely that they will be - short, mining change regulations have a huge monetary incentive.
At that time, Bitcoin will move one step further to change some nodes about $ 50 billion in network store data, potentially more exciting, forward-looking technologies such as high level lighter networks and other in-development advances.
But with lock-in changes, Bitcoin will not upgrade overnight due to two reasons:
The change will not be "active" until 481,824 blocks due to SegWit's "Important Period", which is now in the context of the August 21 incident.
Lock-in ensures that the Siegeweet will be part of the network, Bitcoin services will have to upgrade their software to support new structure transactions.
Enter a grace period
SegWit is the key idea behind the grace period - it allows miners to upgrade their software so they can change into unity. So, when it may seem like another delay, it's actually an essential step.
After these two weeks, SegWit will be created to support their software upgrade to block those new rules made by miners. This means that those who have upgraded mine will be at risk of losing their rewards (about $ 42,000), since their canals will be rejected by another mining
At the time of activation, however, it is not yet clear how much time it takes to change the code environment and how much it will accept by the user, the supplier, exchange and other necessary network infrastructure.
Several services are already one of the earliest, most used wallets to support SegWit, block bitcoin startups, as well as major Bitcoin exchange Kraken and LocalBitcoins.
However, some significant voice arguments argue that no bigger embrace can take much bigger than the cost involved in SegWit. Above all, this debate remains a topic.
Importance in lock-in
In addition, it is one of the few SegWit-related deadline, to pass recently, the significance of this particular milestone should not be reduced - lock-in is a step that will actually connect segweights to the network.
For example, SegWit will be reached at this level of support. The idea can be seen as a breath of fresh air for many. Regardless of the critics' critics, it seems to be clear that SegWit enjoys extensive support (although its exact formulation of legislative proposals is different).
In this light, today may be best seen as a turning point for network development.
Most significantly it ensures that any type of scaling technology will be added to the network, without creating a whole new block.
And its lawful may go a long way toward encouraging other progress, change the wish of Bitcoin, but slowly but slowly.
Recommended in 2015, and users started to run at the end of last year, SegWit has taken just half of a year to go from production to concept.
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