Implementation of SegWit triggers recovery in key Cryptocurrency markets

The Bitcoin price has increased by more than 60% since the beginning of August, from about $ 2,800 to $ 4,300 earlier today, as most Altcoins began recovering after a few Weeks of instability. The total market capital of bitcoin currently exceeds $ 71 billion. The high volatility observed in the bitcoin market in recent weeks has been triggered by the deployment of a new flexible band, the Segregated Witness "SegWit", on the bitcoin protocol in an attempt to mitigate Currency.

Bitcoin was in desperate need of a solution to increase the throughput of confirmed transactions along the network. However, the implementation of SegWit was not a smooth process, as it was rejected by a considerable number of users, which resulted in the splitting of the bitcoin block chain, To Bitcoin Cash, the first cryptocurrence created by the block chain of bitco forking forking. The implementation of SegWit, in addition to the recovery of most major altcoins, has brought the total market capitalization of cryptocurrence to more than $ 155 billion, according to Coinmarketcap data.

Most major altcoin markets have begun to recover in recent days. The price of ETH, Monero XMR, DASH, Lisk LSK, STEEM, Litecoin LTC, Zcash ZEC, MaidSafeCoin Maid and Ethereum Classic ETC have increased during stock prices in recent days. Ethereum ETH surpassed the $ 330 mark for the first time since the end of June. Monero XMR grew from about 0.022 BTC to 0.031 BTC earlier today, registering an increase of more than 41%. On the other hand, the price of DASH rose from $ 311 to $ 365 a few hours ago, which represents an increase of about 18% in less than 24 hours.

It seems that the new upward trend in altcoin markets will continue to accumulate, pushing the price of most major cryptographies to higher levels. Most likely, Ethereum ETH, Monero XMR, DASH and STEEM will be among the biggest winners in the last quarter of 2017.

Source: www. livebitcoinnews.com