Will Bitcoin Fork.....what's the future for Bitcoin? Talks about SEGWIT-2x being highly probable!

in #bitcoin7 years ago (edited)

Everyone is very curious about what's going to be happening with Bitcoin to resolve the scaling issues that its become to have so that there can be an increase in transaction capacity so Bitcoin transactions speed up! We have all heard about the 2 possibilities of the Soft Fork or the Hard Fork. Soft Fork would be Activating the SEGWIT(Segregated Witness) and the Hard Fork would be to increase the block size. Just recently a guy named Barry Silbert who is the Founder & CEO of Digital Currency Group (DCG) and who was one of the first and most active investors in the bitcoin space, providing seed funding for Coinbase, Ripple, BitPay, and a number of other companies who have gone on to define the industry, he coordinated a solution to Bitcoins scaling issues called SEGWIT-2x. This solution would satisfy both sides by Activating the SEGWIT and increasing the block size to 2mb blocks. He coordinated this SEGWIT-2x solution just before the consensus 2017 and he got 80% of the Hash Power Miners around the world to sign for it! This is certainly going to be something that we will need to be paying close attention to as we get closer to the resolution. Here is a great YouTube video where I learned about this information and I wanted to share it with all of you since this is a very important and crucial time for Bitcoin. Its an interview done by Ameer Rosic interviewing Bitcoin Developer Jimmy Song. Thank you so much for reading this story, I hope you liked it and found it interesting, if you did or didn't, please comment your thoughts below. Please don't forget to UPVOTE and FOLLOW me, it will be greatly appreciated and I will do the same for you! Take Care and have a great day! -JOSH D-

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