At approximately 00:06:48 UTC today, July 20, at block height #476768 the bitcoin network finished the BIP91 lock in period and entered a new phase in order to activate the protocol Segregated Witness (Segwit). Now during the lock-in period, there will be another 336 blocks, until Segwit will be activated on Bitcoin’s main network.
This quote is from an article posted less than an hour ago on news.bitcoin.com - have a read, if you're curious for more details, it's quite well documented.
At the moment of writing this, the price of Bitcoin soared to $2770 (a week ago it was $1800).
Fun times ahead.
P.S. As with every Bitcoin surge, the alts are taking a dive, but they will correct upwards shortly.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
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Do you think the rebound is temporary?
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Nope, I think it's the beginning of a steady upward trend. But you shouldn't believe me. Make your own judgement.
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Maybe it will take time to go above $ 3000, but afterwards I agree that we might have a rising trend until mid-October, and even more so if the hard fork Is avoided again
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Thank you for keeping us informed
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So big fluctuation! A lot of people did good money!
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This is great. I was looking for the drama to be over. I'm looking forward to the market steadily rising.
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Great news... thanks for sharing. Happy days ahead!
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Happy end is indeed in sight!!! Very exciting times 😁
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It this means no hard fork and a smooth consensus tranfer to segwit, then we should all cheer. The worst thing that could happen is if there was a contentious fork, like the one between ETH and ETC - that episode tanked Ether's price for a good nine months.
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Great info, I just feel Bitcoin and other crypto WOULD be much high already if it wasn't for the FED's insane control over currencies in general.
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follow me @andrusha.mef
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thanks for the update dragosroua
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Great to see there is some certainty in the markets now and that people are starting to have more trust in them.
It will probably take a while for the effects of SegWit to kick in but the price of BTC will soar, I think :)
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That's some good sign.
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