Is SegWit Finally Going to Activate for Bitcoin? BIP91 to the Rescue! What You Need to Know…
Bitcoin Community Scrambles to Avoid August 1st Chain Split!
The scaling debate reached another phase and a crucial point in the trajectory of Bitcoin and blockchain technology overall. On August 1st, BIP148 (User-Activated Soft Fork) activates and Bitcoin will likely split, something the community wants to avoid. In order to avoid this and smoothly activate SegWit with minimal disruption, BIP91 has been introduced as a combination of SegWit2X and BIP148 to push in front of BIP148 before August 1st and activate SegWit without a chain split. In order for this to happen, BIP91 needs 80% of the nodes to signal for its activation to ensure it “locks in.” Fortunately, the majority of Bitcoin’s network has quickly responded to this, and at the time of writing, the required 80% has almost been reached
