SegWit2X will return for bitcoin
Hi Steemians ,,, following @indoksi will give you a little information about SegWit2X.
SegWit2X is an update on the system to overcome the problem of block size restrictions that reduce the speed of Bitcoin transactions.
After being officially discontinued in early November 2017, SegWit2X appears to be performing again, with support teams deciding to go ahead with a fork on December 28, 2017.
Proposed as a solution to the bitcoin scale problem, SegWit2X is agreed on the New York agreement and is supported by many big names and corporate entities.
However, the bitcoin core community thought of it as an attack on the original series in Bitcoin, and after a lot of back and forth and drama, Mike Belshe, CEO of Bitgo, posted a hard fork cancellation letter containing:
"Our goal is always to make a smooth Bitcoin upgrade. Although we believe that in the end we need a larger block size, but there are more important things that we believe in: Creating a community is always together.
Unfortunately, it is clear that we have not made enough consensus to increase block size at this time. Continuing this path can make the community split and will hinder the growth of Bitcoin. It's never been a SegWit2X destination. "
SegWit2X itself has a problem, the proposed method to increase the size of bitcoin blocks from 1MB to 2MB requires non-backward software upgrades
While SegWit2X like "put to sleep" by the original supporters consisting of founders start up and miners. Now a new site has emerged with four members of the Jaap Terlouw leadership team, which plans to do the fork.
Fork is now supported with some changes such as the hitBTC that supports BTC hard fork work system and IGNIS airdrop. And also exchange with a turnover of more than 1 billion dollars per day.
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