Chinese Mining Pools Support SegWit2x and aim for Activation by July 31st

OKCoin, Huobi, Bitmain, F2Pool, and ViaBTC are among the companies favoring this solution.

A lot of Bitcoin enthusiasts are looking forward to August 1st. On this day, we will see the activation of Segregated Witness through the user-activated soft fork. It remains unclear who will effectively support this solution, though. We do know a list has been published regarding companies support SegWit 2x. Interestingly enough, this includes virtually all Chinese mining pools. This group would like to see SegWit2x activate by July 31st at the latest.

It is not entirely surprising to see Chinese pools support SegWit2x. Bitcoin will need to scale one way or another. SegWit seems to be the best solution to do so. Moreover, this particular proposal may avoid the network split so many people are concerned about. It is not the official solution from Bitcoin Core, but Segwit2x is a more than viable alternative.

SegWit2x Gains Massive Support From Chinese Pools

Moreover, it is important to keep in mind SegWit2x could be compatible with the UASF, which activates on August 1st. It is good to see Chinese mining pools firmly state which solution they will support. No one will be surprised they didn’t choose the UASF route directly. Choosing Segwit2x was to be expected, yet it is an interesting decision nonetheless. Plus, no one knows if these pools will embrace the UASF even after SegWit2x has been activated.

Full story: http://www.newsbtc.com/2017/06/17/chinese-mining-pools-support-segwit2x-aim-activation-july-31st/