SegWit2x Is a Go: 80% of Bitcoin Network Signals for Upgrade

in bitcoin •  8 years ago 

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As reported by CCN, a Chinese bitcoin roundtable forum recently affirmed its support for SegWit2x, with one of its goals going being its activation by July 31. This led to a significant hashrate increase, and yesterday, support for SegWit2x was at 71 percent, after BW Pool started signaling for the proposal.

The proposal has even managed to gather support from pro-Bitcoin Unlimited pools such as Bitcoin.com and ViaBTC. Today, BATPOOL and BTCC also started signaling for SegWit2x, meaning the 80% threshold has been hit, as Barry Silbert himself announced on Twitter:

The code is expected to be ready tomorrow, June 21, and as soon as it is mining pools will be able to run the software. If 80 percent of the network’s hashrate keep running the code for roughly three days, SegWit2x will activate.

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