The biggest news for a very long time in the crypto community has been today’s “lock in” of the SegWit2x proposal, also known as the New York Agreement.
Because enough miners (94.4% in the last 24 hours) have signaled support for the change, meaning that – assuming nodes also support SegWit2x – SegWit will be introduced on the Bitcoin blockchain before August 1st.
This means that there will not be a hard fork on August 1st! But the Bitcoin network will still allow for far greater transaction throughput according to the SegWit2x solution. This will of course not process as many transactions as VISA or MasterCard are capable of, but it's a huge step in the right direction at least.
Last week, when it still was very uncertain about what would happen in the future with Bitcoin, the market prices were very unstable, not only for BTC but for most of the other alt coins too. Although now when we have a much greater understanding of what probably will happen to Bitcoin, the market seems to be back on track!
Well thats a relief...
:D @elaine54
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