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RE: ArtByte release update on SegWit implementation
Yeah it seems your SegWit really works. CoinMarketCap shows really exceptional trade volumes and ABY' price is about twice as high comparing to this weekend.
@ArtByteMe ArtByte 0.13.0 testnet. BIP65/66 active, 60 blocks till SegWit and CSV activates. Everything is looking good. #artbyte #bitcoin
https://twitter.com/bushstar/status/894269548748300293
ArtByte SegWit Update
On the ArtByte testnet SegWit/CSV is now locked in, we've finished the activation period.
Now we are in the "grace period" (just like the two week period that Bitcoin is entering today). This period allows users to upgrade their software to support the new style of transactions. On the testnet this period will finish in 310 blocks.
Once this final test period completes, the mainnet roll out is scheduled.
Detailed discussion
On the ArtByte testnet the SegWit and CSV soft forks have been activated using BIP9, this allows us to make soft fork changes using version bits which allows miners to signal that they are ready to accept new rules by setting bits in the block header, this is technically a MASF (Miner Activated Soft Fork). Over 2,016 blocks the required 75% of blocks were mined with version bits for both soft forks. Now that we have successfully been through the activation period we are now locked in and await SegWit and CSV to be enforced in 310 blocks time. Once activated final tests will be performed and then mainnet roll out scheduled.