The peak of Bitcoin is at the same time as the fans of its upgrade

The peak of Bitcoin is at the same time as the fans of its upgrade

Bitcoin supporters and supporters celebrate its peak, as the developer community has announced a new method that improves its use and allows for scalability, this method will increase the confidence of this digital currency and Has pushed its price back to the highest records.

The community, which was divided on selecting the best way to manage this DJ's currency, was behind the promotion of a code called Segwit2x. The purpose of this upgrade is to increase the capacity of network transactions. This led to an increase in the Bitcoin price against the dollar, which in June, with growing concerns about its future, known as the Civil War, fell.

The director of purse.io (who has been able to buy Bitcoin), Mr. Andrew Lee, is excited about how we can cross the current bottleneck. Many Bitcoin fans in New York and San Francisco, up to Hong Kong and Tokyo, are happy to celebrate offices and cafes, while others are celebrating Twitter.

The bottleneck began from where the bitcoin was applied in the first days of a block size limitation to prevent hacker attacks. As the popularity of this currency was ciphered and the number of its users increased, transaction times and processing fees increased, resulting in the inability of the community to process payments of a quality like Visa. Extractors and developers have been involved in choosing the best software upgrade for years, and these discussions have peaked recently.

According to the Coin Dance website, more than 93 percent of the extractors, who are the pillar of this digital currency exchange, have announced their support for BIP91, which is the first step in implementing Segwit2x. Bitcoin extractors are independent groups that process and validate bitcoin transactions, solving complex mathematical problems. They do this to get a reward from the cost and make the currency ciphered.

Segwit2x is essentially a compromise between the two main groups of competitors; one of these approaches is looking for a block size increase, and another that is a group of developers (known as Core), a long-term solution that this The solution involves removing some of the data from the main network, called segwit. Segout was faced with the opposition of the extractors, which reduced their influence. Eventually, the developers agreed with Sogut, but provided that the block size also increased to 2MB.

This upgrade has not yet been finalized. The stabilization of BIP91 will have a roughly two-day period during which time, extractors can be ready to activate the software. After that, it takes about two weeks for Sogut to fully accept and run. Of course, developers continue to warn of hacker attacks that may disrupt the process.

Three months later, society faces another challenge, when some of the world's largest extractors are moving toward the implementation and implementation of the second phase of the proposal, namely doubling the volume of the block. However, many Bitcoin community members still believe that the hard part of the story, given the stability and price boost, is over.

"We believe Bitcoin will continue its path, especially as we crossed this problem," said Ryan Rabaglia, director of the Octagon Strategy Trading Department in Hong Kong.

.good luck.

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