Bitcoin farewell split: software expansion won unanimous support! Return to jump
According to Reuters, the bifurcation problem recently caused by fluctuations in the value of bitcoin has finally reached a consensus.
Now, the miners have to support bitcoin improvements (BIP) 91, Friday’s support rate close to 100%, more than 80% of the minimum requirements, so as to avoid the bitcoin blockchain (BlockChain) split into two.
Originally, since 2009, more and more deals and the number of chain block the use of bitcoin on, until the 1M block size becomes the bottleneck, led to the bitcoin network congestion is becoming a serious problem restricting the development of bitcoin.
In order to expansion, forming a hard chain expansion scheme bifurcation directly or using SegWit soft branching program is divided into two camps.
The BIP91 is through a software called SegWit2x to upgrade the bitcoin first step.
We know that the commodity price is determined by supply and demand, the expansion caused a lot of damage in suspense, the demand side, which explains the bitcoin prices plummeted to less than $2000.
Of course, this is only the first step, bitcoin now faces slow Trading (about 7 pens per second), high fees (80 cents) and other issues, to become a large-scale popular global currency, go15.
PS: Wall Street analysts insist that bitcoin before the end of the year will be rushed to a new record of $5000.