Bitcon segwit 2x dead completely or on hold for further notice ?

in #bitcoin6 years ago (edited)

Samson Mow (Chief technique officer at Blockstream) tweet recommends there will be no hard fork for SegWit2x, it would make a lot of sense not to have another blockchain fork unless it were totally vital. All things considered, the people who need bigger blocks can undoubtedly bolster Bitcoin Cash, despite the fact that that system does not have Segregated Witness set up. In principle, that isn't really expected to fathom the exchange throughput issue, however SegWit is about far beyond that.

As indicated by Hubert on Twitter, a 2x hard fork is "unnecessary" as there will be no requirement for a 2MB block size increment once SegWit effectively activates. Not exclusively will Segregated Witness increment the Bitcoin exchange throughput, however it likewise makes ready for arrangements, for example, Lightning Network and even sidechains if require be. A great deal of data can be gotten off the primary Bitcoin blockchain which would just keep the minimum necessities of exchanges. A 2MB block estimate increment would do likewise too, yet pushing for Lightning Network is maybe a superior arrangement.

That is significantly less demanding said than done. In spite of wonderful advance being made on Lightning Network, executing it for Bitcoin may take another three to a year. This isn't a short scaling fix, despite the fact that it has considerably more long haul potential than a block size increment would. There will dependably be a sure exchange off paying little respect to which arrangement gets the dominant part of help over the long haul. There is still a great deal of people supporting it..

segwit 2x 1.jpg

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these days, i saw many posts about segwit. what the segwit really is?

I'm not sure how many people care about this pending fork. We shall see...

ya, you right. I don't care for it because one bitcoin is enough for me lol. I do have some alt coins invested and because of the fork hypes the other coins are dead. I do find some other coins more valuable to its technology that it brings.

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