What is Bitcoin BIP91 activation?steemCreated with Sketch.

in #bitcoin7 years ago

It looks like some Miners are signaling for the BIP91 implementation, but until the final lock-in we have to live with the uncertainty and BTC price swings.

So what does BIP91 mean? It is a compromise between the Bitcoin development and mining communities.

The activation of  BIP91 will lead to the optimization of Bitcoin blocks by around 75 percent and way less transaction fees for users. On top of that, SegWit's BIP91 will update security measures for hardware wallets and enable two-layer solutions such as Lightning while Bitcoin providers and development companies are already working around Lightning.

PLEASE CHECK HERE THE CURRENT STATUS

So for the day-to-day users this would be the best solution because we'll keep one Bitcoin and they don't need to worry about where to store the Bitcoin.

Make sure to mark the 29th of July in your calendar:
https://steemit.com/bitcoin/@cryptopaul/july-29-a-day-to-absolutely-put-in-your-agenda

Yours Truly,

CyptoPaul

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