"Even with the change locked in, bitcoin won't upgrade overnight for two reasons"
Because of SegWit's two-week "grace period," the change won't "activate" until block 481,824, which is currently projected to happen on August 21.
While the lock-in ensures SegWit will become a part of the network, bitcoin services still need to upgrade their software to support the new style of transactions.
https://www.coindesk.com/segwits-likely-lock-todays-milestone-means-bitcoin/
Thanks for the info @jtimko23! Great post!
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Thanks Saul!
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This post received a 4.3% upvote from @randowhale thanks to @jtimko23! For more information, click here!
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segwit is the good one right?
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Yes Segwit will be a positive driver. Please see a blurb from the article below.
The importance of lock-in
Further, while it's one of several SegWit-related deadlines to pass recently, that shouldn't undercut the significance of this particular milestone – the lock-in is the step that actually ensures SegWit will be added to the network.
As such, the idea that SegWit will have reached this level of support could be seen as a breath of fresh air for many. Despite lingering critics, it's fair to say SegWit enjoys broad support (though the exact details of proposals for its enactment have varied).
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thanks for explaining :) been reading up and segwit sounds like a lot of good news :D
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This post has received a 8.70 % upvote from @buildawhale thanks to: @jtimko23.
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We in for a good ride :)
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