The money market is waiting for a new version of the "bitcoin" currency called "beconfiguring cash", which allows the time spent on transactions in the electronic currency to be reduced.
Analysts predict that the division of "Biformation" into more than one type of asset will put pressure on the present value of the currency, which has recently experienced successive rises.
"It is possible that the new version, which is the result of the" Biformation division, "will create" a massive chaos in the virtual currency market, "the BBC quoted a financial expert as saying.
Some of the trading platforms in the Baila have refused to trade in the new "Bikash".
This refusal means that some investors who rely on "config" will be denied the new benefits offered by the new version unless they change the trading platform through which they deal in their default assets.
The plan, known electronically as SEGWIT2X, is aimed at removing one of the most difficult constraints faced by traders in the virtual currency market, namely that the previous transaction accounts record, known as "Bockchayna" or cluster series (complex database on which to build transactions), can be added only one megabyte every ten minutes.
The design of this base for the data on which the currency is based is designed to provide some protection for transactions against electronic hacking attempts, but this it means the trader waits for long days to complete a deal on the electronic platform in times of pressure on those platforms by a large number of traders.
Two solutions to this problem have been put forward; they are either increasing the size of each block to over one megabyte, allowing for more interactions in each new batch.
Or the second solution that includes changing the location of some cluster string information to separate the files that are contained in the databases, which in turn will be transferred concurrently with the transfer of information.
The SEGWIT2X initiative provided a solution to the problem of the data size of each cluster, which is implemented in two steps, the first is the split of the statement in August August followed by the second step, which is to increase the size of the cluster series to 2 MB, which starts in November/November next.
In the market, it is expected that the value of "Pikkash" will be approximately $267 for the new unit, which is very small compared to the original unit value of "Bitconfig", which in the last period amounted to $2780 per unit.
The beaker, a hypothetical currency of the design of an unidentified person known as "Satoshi Nakamoto", is somewhat similar to the currencies known as the dollar, the euro and other currencies.
Source: Agencies
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