SegWait Is Over! Bitcoin Network Shows 80 Percent Support For SegWit2x

in #bitcoin7 years ago

BTCC and BATPOOL support for SegWit2x has taken the overall community consensus beyond the 80 percent threshold needed for adoption.

While the figure stood at 71 percent of network hash rate just yesterday, Tuesday has finally seen the number surpass the crucial marker to take effect.

SegWit2x, acceptance of which would all but guarantee the implementation of SegWit for Bitcoin, has received as much hype and criticism as any potential solution in the Bitcoin scaling debate.

Reacting to the latest developments, however, the cryptocurrency community appeared overwhelmingly relieved.

Capture222.PNG

The code for SegWit2x is still in its alpha stage, with a beta release slated for the end of June.

Support has already come from the majority of well-known mining pools including Antpool, Bitfury and F2Pool.

Pro-Bitcoin Unlimited pools Bitcoin.com and ViaBTC also joined the support.

Meanwhile, in an explanatory post about SegWit2x on Monday, Bitcoin developer Jimmy Song noted the code’s implementation is “actually a trickier question than it may seem.”

“This is a positive development if you’re hoping to avoid a permanent split as it looks like Bitcoin will stay on one chain,” he wrote.

“But the battle is not over. The bigger and more contentious issue of a 2MB hard fork is the one that still needs to be settled.”

SOURCE: https://cointelegraph.com/news/segwait-is-over-bitcoin-network-shows-80-percent-support-for-segwit2x

Sort:  

My friend, a kind reminder here.
#cn tag is stand for chinese.
However, no chinese was detected in this article.
Please use wisely for your tag,thank you.

THANK U MAM FOR TELLING AND READING MY POST I APPRECIATE UR KNOWLEDGE

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/segwait-is-over-bitcoin-network-shows-80-percent-support-for-segwit2x

Maybe the uncertainty over SEGWIT adoption is one of the reasons why the Bitcoin price appeared to be in a holding pattern for the last few weeks. Does this concensus now mean it's Bitcoin UNLEASHED?

THANKS FOR READING MY POST AND DUE TO PRETY RANSOMWARE ATTACK STILL IT IS IN UNDER PRESSURE AND SOME ISSUE IN NEW YORK AGREEMENT

Congratulations @bharatsinghal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got your First payout

Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!