3 ms·
To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] The contention was between whether Bitcoin sh
by wyager 9y ago
To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] The contention was between whether Bitcoin should scale via block growth or via a different transaction serialization format that allowed for more transactions and also opens the door for certain forms of off-chain transaction. Segwit2x does both: it doubles the block size, and introduces the new transaction serialization format.
This should result in an immediate transaction capacity increase of at least ~3x. On top of this, the new transaction serialization format allows for technologies such as the in-progress "lightning network", which allows for very very substantial transaction volume off-blockchain. (Think on the order of thousands of times higher volume at the very least. Probably on the order of millions is attainable.)
[1] https://coin.dance/blocks https://coin.dance/blocks
- kanzure 9y ago> To be specific, fully 88%(!) of miners are actively signaling support for the upgrade plan known as "segwit2x".[1] Unfortunately, signaling is more like a bumper sticker you slap on your blocks. The rules you deploy and actively use don't really have to conform to what values you place in the blockheader. It's supposedly a way to communicate your intentions regarding your future enforcement of certain rules... https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_just_minded_their_first_bip91_block/dkbuetx/ https://www.reddit.com/r/Bitcoin/comments/6ns1o6/antpool_jus... https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segwit_uasf_bip148_segwit2x_bitcoinabc/dkc1al5/ https://www.reddit.com/r/Bitcoin/comments/6ntfhd/superb_segw...
- kbaker 9y agoBecause btc1 is not released yet. Once it is, start expecting the real blocks to be mined.