Segwit has Not activated! Only BIP 91 has locked in. Segwit/BIP141 is required

Good Day, Steemians!

We have reached a very important milestone by BIP 91 has locked in but there are several more to reach before seqwit's actually activates and segwit's transactions actually starts happen on the bitcoin network and increasing the capacity.

So what BIP 91 was for specifically was to lower the threshold for segwit's activation that was its sole purpose and remember the original purposal to activate segwit was BIP 141 and that was release more than a year ago and it require 95% of mining power to support it in order to activate segwit, so BIP 91 simply taking a vote on whether the existing segwit purposal should be lowered from 95% threshold to 80% threshold that all it was really design to do, so lowering the threshold to 80% makes the seqwit threshold easier to reach yes but it means segwit could activate with the rebels controlling as much as 20% of the mining power and that could well be enough to sustain a lets call a classic version of bitcoin with no segwit.

As it stands right now BIP 91 has locked in meaning the threshold to activate segwit will now be lowered to 80% of mining support, so now that's happened the miners have a graced period of 336 blocks or about 2.3 days to get the system ready because once the graced period ends any blocks that are mined they are not signaling for segwit will be rejected as been invalid, so that means the miners who submits the invalid block will not receive there block reward, so now there is an economic incentive to join the segwit crowd bcoz it has the majority.

BIP 91 technically an (MASF) or a miner activated soft fork that does pretty much the same thing it enforces the activation of segwit, so what that what happens after this graced period do we get segwit then well no not yet, so right now as we see we are now 283 blocks away from the end of the graced period it takes some time and then from there we need to lock in the segwit itself which we now know requires 80% of the miners support and the difference here is that segwit itself has an activation period of 2016 blocks meaning that with in 2016 blocks at least 80% of the most signal for segwit, so 2016 blocks that's the same period by which bitcoin adjusts the mining difficulty every 2016 blocks the difficulty adjusts to keep the block time to 10 minutes bcoz if more mining power comes online then the blocks gets sold faster then it might reduce the block time to 8 to 9 minutes and that's bad cause we need to maintain a 10 minutes.

So with in the 2016 blocks which is the activation period for segwit if 80% of the blocks mined in that period signal for seqwit if that happens then segwit would be officially locked in just like BIP 91 we locked it in then its gonna activated at the end of graced period same processes to have with segwit it needs to be locked in first then it needs a graced period before actually activates, once seqwit is officially locked in its graced period last about 14 days which is 2016 blocks before segwit's officially activates and starts running on the network.

The next milestone is when Segwit/BIP 141 grace periods ends so we talk about more whats going to happen next once segwit grace period ends and it officially activated.

I always appreciate your feedback and support.