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Sunday, August 13, 2017

Bitcoin is in 'striking distance' of $5,000 after big milestone

Bitcoin is in striking distance of $5,000 after big milestone

A software upgrade to make bitcoin's underpinning network faster has officially reached its lock-in threshold.


And that has the CEO of one bitcoin exchange bullish about the coin's future price.


The so-called Segregated Witness, or SegWit, is a solution to the years-long debate over how to improve the coin's scalability and make it faster to process more transactions.


As bitcoin has gained traction among consumers, its network, which was built to only handle a set number of transactions, has slowed.


Full story at http://read.bi/2vy87ZT


Source: Business Insider Nordic


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