What happen Segwith2x and Bitcoin??

in #bitcoin7 years ago

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Have you guys payed attention to Bitcoin yet? Don worry if you haven't I'm here to catch you up a little about the crypto news. Bitcoin Last night reached roughly 8,000 at 11 pm in coin base chart, while reaching the new high, but now there a fork named Segwith2x, which didn’t do so well it self nor to bitcoin. Segwith2x was supposed to be a hard fork that "Would change the size of the blocks passed regularly around the network and stored in the blockchain from 1MB to 2MB"-Coindesk.com The difference between this fork and the other fork is Segwith2x is trying to do a couple of things.

                  Segwith2x Pros                                           Segwith2x Cons 
        -Shrink transaction size to fit block size              -New fork will be needed for bigger blocks  
        -Would create another crypto currency  
           if minor decide to split from bitcoin.         

Segwith2x had two tries do attempt there goal the first time the Fork was supposed to Launch Nov 16,2017 but fail to launch the first time due to lack of support, but two day later they tried to launch the fork again but this time it failed because the first block size was too big for the other minor to start so the new coin isn't able to be mined/produce. So, the segwith2x isn't possible to work at the moment.
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Source : https://bitcoinmagazine.com/articles/now-segwit2x-hard-fork-has-really-failed-activate/
: https://www.coindesk.com/understanding-segwit2x-bitcoins-next-fork-might-different/
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