BLOCK 494,784: SEGWIT2X DEVELOPERS SET DATE FOR BITCOIN HARD FORK

The developers behind SegWit2x, a controversial plan to increase the transaction capacity of the bitcoin blockchain, have announced a firm date for a hard fork today. The recent Github post by the SegWit2x team reveals that bitcoin's miners will be able to run new software at block 494,784 on the blockchain, a block they expect will occur sometime in November of this year.

The post reads:

"During the month of November 2017, approximately 90 days after the activation of Segregated Witnesses in the Bitcoin blockchain, a block between 1MB and 2MB in size will be generated by bitcoin miners in a move to increase network capacity. At this point it is expected that more than 90% of the computational capacity that secures the bitcoin network will carry on mining on top of this large block."

Read more here: https://segwit2x.github.io/segwit2x-announce.html

To follow the current SegWit activation (activation expected at ≈Wed, 23 Aug 2017) visit: https://www.xbt.eu/

As always, let me know your thoughts in the comments!