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Saturday, October 7, 2017

Crypto News: Calm Before the Fork? Segwit2x Goes Silent as Bitcoin Split Looms

Calm Before the Fork? Segwit2x Goes Silent as Bitcoin Split Looms

"It's sort of like the quiet tension before a battle."

That's how Jean-Pierre Rupp, a developer at bitcoin wallet provider Blockchain, described the current state of Segwit2x development. With the code labeled "production ready," and the work of contributors like Rupp nearly complete, the main step left is the activation of the code, scheduled for late November.

That's when the next stage of bitcoin's scaling debate, as they say, will come to a head.

First proposed at a private meeting of industry players in May, Segwit2x was intended to forge a compromise in bitcoin's long-raging scaling debate. Still, it has attracted opposition, primarily for its approach to upgrading the bitcoin software. Chief among concerns is its use of a hard fork to increase the block size, a contentious mechanism due to the fact it could result in the creation of two competing bitcoin assets, or perhaps a single one that no longer interests a certain portion of users.


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


Source: CoinDesk


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