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Monday, July 17, 2017

Bitcoin's Miners Signal for Segwit2x Scaling Proposal Early

Bitcoin

Bitcoin's miners weren't expected to start signaling for the controversial scaling proposal Segwit2x until July 21st, but some are already moving to show support in advance of another round of software testing.


As of today, about 43% of bitcoin's mining power is signaling for the change, including AntPool, BitClub, Bixin, BTC.com and BitFury – and other mining pools may be on the way. Slush Pool, which oversees about 5% of the hashrate, said that it will soon signal as well. As of now, there is no way to tell which are running the code.


Still, all miners need to do to lock in the update is signal support for the change via a code proposal called BIP91. If a total of 80% of miners do so within the next 336 blocks, a period of about two days, the long-proposed code change Segregated Witness will be activated on the network.


While surprising, the move is likely due to a perceived need to upgrade the protocol to support SegWit before August 1.


Full story at http://bit.ly/2t8vZ4z


Source: CoinDesk


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