A few months ago a group of bitcoin software developers were thinking about making a new update to improve the scalability of the blocks in the transactions, which would generate a significant increase in the number of transactions per block by collapsing the Bitcoin network. However, due to lack of consensus among the sponsors and developers of the project, the known hard fork Segwit2X has been canceled until further notice.
Mike Belshe, CEO and co-founder of Bitcoin BitGo, has indicated that they had reached a consensus to carry out the update, but then determined that it was necessary to stop because it could divide the entire bitcoin community and destabilize the market. “That is why we have decided to suspend our plans until the next 2MB update,” he said.
The intentions of increasing the size of the block are parked but in no way discarded. The only thing that is being sought is a greater agreement between the parties involved so that when carrying out the update there will be no major inconveniences for the bitcoiners community.
Read more at: http://www.crypto-economy.net/hard-fork-segwit2x-canceled/?lang=en
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