Tag: segwit2x

Will the Segwit2x hardfork save Bitcoin?

Plans to introduce Segwit 2x in November fell flat. A fragmented community, among other things, caused the problems. Many users dreamed up theories about revoking the BTC hardfork in order to earn money from the rise of many altcoins exchange rate. With the passage of time, the increase in fees and transaction time, SegWit2x returns. Will Segwit 2x save BTC SegWit2x will occur after miners mine block 501451 — this time it is supposed to take place. Jaap Terlouw, Project Manager, and Principal Developer reported that SegWit2x’s goal was to reduce the fees and lead times. According to Terlouw, Bitcoin is...

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SegWit2X comes back?

During the last 2 days, SegWit2x seemed to have died. This notion was squashed by Mike Belshe. It seems now that SegWit2x won’t give up and will return from beyond the grave! Is SegWit2x still alive? Yesterday, a group called BitPico, a part of the wider Bitcoin community that claims to control 30% of Bitcoin’s hashrate, announced their intention, via email, to activate SegWit2x. The message from BitGo’s leaders was clear: We will suspend our plans to introduce 2MB blocks. Apparently, the BitPico group intends to ignore these words and forge ahead with a hard fork. From their email:...

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Why SegWit2x failure happened?

Did Bitcoin win? Certainly, it won one of the battles, this time against SegWit2x, but there’s still a long road ahead. Yesterday the news of SegWit2x failure broke out when Mike Belshe, the leader behind SegWit2x, announced that he won’t pursue the further division of Bitcoin community. According to his post, that’s more important than increasing block size. The NO2X movement pop opened the champagne. Euphoria was evident. Charlie Lee, who started the NO2X movement tweeted: Segwit2x hardfork has been called off! Common sense prevails. Let's now work together towards scaling safely. We may need something like a 2x...

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SegWit2x called off! No Bitcoin hardfork!

SegWit2x called off! The news broke out at 5 pm UTC when Mike Belshe from BitGo announced that due to lack of consensus in Bitcoin community SegWit2x is suspended. Mike Belshe in his post stated: Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be...

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BitPay will halt deposits and withdrawals before SegWit2x

The SegWit2x fork is getting closer each day. Planned to happen at block 494.784, this fork has been the focus of a lot of debate and controversy, with bitcoin communities around the world claiming that they will not support it, like in South Korea and Hong Kong, not to mention Charlie Lee, the creator of LTC who started the NO2X campaign and called people and companies to withdraw their support to the fork. There are also several exchanges that have announced that they will not support segwit2x, like Bitmex for example, that even called the new coin “shitcoin2x” and advised it’s...

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